Galmed Pharmaceuticals prices upsized IPO at $13.50, within the range

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Galmed Pharmaceuticals, a clinical-stage biotech with a candidate for liver diseases ( NASH ), raised $38 million by offering 2.8 million shares at $13.50, within the range of $12.00 to $14.00. The company originally planned to offer 2.4 million shares. Galmed Pharmaceuticals plans to list on the NASDAQ under the symbol GLMD. Galmed Pharmaceuticals initially filed confidentially on 12/31/2013. Maxim Group LLC acted as sole bookrunner 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.



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