Insys Therapeutics sets terms for $68 million IPO

By
A A A

Insys Therapeutics, a commercial stage specialty pharmaceutical company that has launched two products to treat breakthrough cancer pain and chemotherapy-induced nausea and vomiting (CINV), announced terms for its IPO on Friday. The Phoenix, AZ-based company plans to raise $68 million by offering 4 million shares at a price range of $16 to $18. At the midpoint of the proposed range, Insys Therapeutics would command a market value of $287 million. 

Insys Therapeutics, which was founded in 1990, plans to list on the NASDAQ under the symbol INSY. Insys Therapeutics initially filed for its IPO in March 2011. The company booked $15 million in revenue for the 2012 fiscal year, the first time the company reported revenue. Wells Fargo Securities and JMP Securities are the 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 The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

Referenced Stocks: INSY

Renaissance Capital

Renaissance Capital

More from Renaissance Capital:

Related Videos

Stocks

Referenced

Most Active by Volume

100,376,898
  • $17.62 ▲ 0.51%
83,231,837
  • $25.62 ▲ 1.91%
75,739,329
  • $111.78 ▼ 0.77%
65,297,937
  • $36.37 ▼ 1.76%
59,053,093
  • $47.66 ▲ 0.29%
53,482,350
  • $2.59 ▼ 0.38%
51,504,284
  • $7.34 ▲ 2.37%
51,434,656
  • $8.14 ▲ 6.96%
As of 12/19/2014, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com