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Alder BioPharmaceuticals prices upsized IPO at $10, well below the range

By: Renaissance Capital
Posted: 5/8/2014 8:33:00 AM
Referenced Stocks: ALDR

Alder BioPharmaceuticals, which is developing antibodies to prevent migraine and treat rheumatoid arthritis, raised $80 million by offering 8.0 million shares at $10, below its proposed $13 to $15 range. Alder BioPharmaceuticals will list on the NASDAQ under the symbol ALDR. Credit Suisse and Leerink Partners acted as joint bookrunners on the deal.