Selecta Biosciences (SELB) Prices Common Stock IPO at $14/Share, at Low-End of Range
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Selecta Biosciences, Inc. (Nasdaq: SELB) announced the pricing of its initial public offering of 5,000,000 shares of common stock at a public offering price of $14.00 per share, before underwriting discounts and commissions. All of the common stock is being offered by Selecta Biosciences. In addition, the company has granted the underwriters a 30-day option to purchase up to an additional 750,000 shares of common stock from the company at the initial public offering price, less the underwriting discounts and commissions, to cover over-allotments, if any. The company’s common stock is expected to begin trading on the NASDAQ Global Market on Wednesday, June 22, 2016 under the ticker symbol “SELB.”
*** NOTE: Selecta was expecting a range of $14 to $16 per share.
UBS Investment Bank and Stifel are acting as joint book-running managers for the offering. Canaccord Genuity and Needham & Company are acting as co-managers for the offering.
A registration statement relating to the securities being sold in the offering has been declared effective by the Securities and Exchange Commission. This offering is being made only by means of a prospectus. Copies of the final prospectus relating to this offering may be obtained, when available, by contacting: UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, or by telephone (888) 827-7275; or Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate, One Montgomery Street, Suite 3700, San Francisco, CA 94104, or by telephone at (415) 364-2720 or by email to [email protected].
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