Conatus Pharmaceuticals prices upsized IPO at $11 midpoint


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Conatus Pharmaceuticals, a biotech in Phase 2 trials developing treatments for chronic liver disease, raised $66 million by offering 6 million shares (20% more than the 5 million originally planned) at $11, the midpoint of the $10-$12 range. Conatus Pharmaceuticals plans to list on the NASDAQ under the symbol CNAT. Stifel and Piper Jaffray acted as joint bookrunners on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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