Emergent BioSolutions (EBS) IPO Opens for Trading
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The IPO for Emergent BioSolutions Inc. (NYSE: EBS) is open for trading. The stock is trading at $12.26 after pricing 5,000,000 shares at $12.50 per share, the low end of the expected $14-$16 range.
J.P. Morgan Securities Inc. acted as sole book-running manager for the offering with Cowen and Company, LLC as joint lead manager and HSBC Securities (USA) Inc. as co-manager. The offering is expected to close on November 20, 2006, subject to the satisfaction of customary closing conditions.
Emergent BioSolutions Inc. is a biopharmaceutical company focused on the development, manufacture and commercialization of immunobiotics, such as vaccines and immune globulins, which induce or
assist the body's immune system to prevent or treat disease. Emergent's biodefense business is focused on developing and commercializing immunobiotics for use against biological agents that
are potential weapons of bioterrorism. The Company's commercial business is focused on developing immunobiotics for use against infectious diseases with significant unmet or underserved medical
needs.
J.P. Morgan Securities Inc. acted as sole book-running manager for the offering with Cowen and Company, LLC as joint lead manager and HSBC Securities (USA) Inc. as co-manager. The offering is expected to close on November 20, 2006, subject to the satisfaction of customary closing conditions.
Emergent BioSolutions Inc. is a biopharmaceutical company focused on the development, manufacture and commercialization of immunobiotics, such as vaccines and immune globulins, which induce or
assist the body's immune system to prevent or treat disease. Emergent's biodefense business is focused on developing and commercializing immunobiotics for use against biological agents that
are potential weapons of bioterrorism. The Company's commercial business is focused on developing immunobiotics for use against infectious diseases with significant unmet or underserved medical
needs.
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