Sirtris prices IPO at $10/share
Massachusetts, USA-based Sirtris Pharmaceuticals, a company focused on discovering and developing small-molecule drugs to treat diseases of aging such as type 2 diabetes, has announced the pricing of its initial public offering of six million shares of its common stock at $10.00 each, before underwriting discounts and commissions.
All the stock is being offered by Sirtris. In addition, the company has granted the underwriters a 30-day option to buy up to an additional 900,000 shares to cover over-allotments, if any. JP Morgan Securities is acting as the sole book-running manager, with CIBC World Markets, Piper Jaffray, JMP Securities and Rodman & Renshaw as co-managers for the offering. The shares will trade on the Nasdaq Global Market under the symbol SIRT.
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