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Dipexium prices upsized IPO at $12, the low end of the range

By: Renaissance Capital
Posted: 3/13/2014 8:48:00 AM
Referenced Stocks: DPRX

Dipexium Pharmaceuticals, a late-stage biotech developing a topical antibiotic for diabetic foot ulcer infections, raised $33 million by offering 2.8 million shares (upsized from 2.3 million) at $12, the low end of the $12 to $14 range. Dipexium Pharmaceuticals will list on the NASDAQ under the symbol DPRX. Oppenheimer & Co. acted as sole bookrunner on the deal.