February 15, 2017 / 2:51 PM / 6 months ago

BRIEF-Initiator Pharma: rights offering prior to listing on AktieTorget oversubscribed

Feb 15 (Reuters) - Initiator Pharma A/S IPO-INIT.ST:

* Subscription period of Initiator Pharma A/S’ rights offering in the maximum amount of 20.5 million Swedish crowns ($2.29 million) concluded on February 9, 2017

* Rights offering was subscribed to about 44.1 million crowns, corresponding to a subscription rate of about 215 pct

* Via the rights offering, Initiator Pharma will receive about 20.5 million crowns (before issuance costs of about 1.4 million crowns)

* First day for trading on AktieTorget is expected to occur March 16, 2017

Source text: bit.ly/2kSUilh

Further company coverage: ($1 = 8.9633 Swedish crowns) (Gdynia Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below