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Novan (NOVN) Prices 4.1M Common Stock IPO at $11/Share, at Low-End of Expected Range

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Malin Business Advancement As A Result of Novan IPO

September 21, 2016 2:00 AM EDT

First tangible demonstration of value unlocking within Malins assets Validates the uniqueness of the Malin approach of combining long term permanent capital and active involvement with both the strategy and operations of its assets At the IPO pricing, Malin estimates the approximate return on invested capital allocated to Novan is 30%

DUBLIN--(BUSINESS WIRE)-- A Malin Corporation plc (ISE:MLC,Malin) investee company, Novan Inc. ("Novan"), today successfully completed an initial public offering (IPO) of its shares. Novan raised at least $45 million and will... More