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

By: Renaissance Capital
Posted: 3/13/2014 8:52:00 AM
Referenced Stocks: NASH;GLMD

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.