Aclaris Therapeutics (ACRS) IPO Prices at $11, Well Below Expected Range

Aclaris Therapeutics (NASDAQ: ACRS) priced its initial public offering of 5,000,000 shares of its common stock at a price to the public of $11.00 per share, below the expected $14-$16 range. The shares are expected to begin trading today on NASDAQ under the ticker symbol "ACRS".

Jefferies LLC and Citigroup Global Markets Inc. are acting as joint book-running managers for the offering. William Blair & Company, L.L.C. is acting as a co-manager.

Aclaris Therapeutics, Inc. is a clinical-stage specialty pharmaceutical company focused on identifying, developing, and commercializing novel drugs to address unmet needs in dermatology. Aclaris Therapeutics, Inc. is based in Malvern, Pennsylvania.

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