electroCore (ECOR) IPO Opens 20% Higher

Today's IPO for electroCore, Inc. (NASDAQ: ECOR) opened for trading at $18 after pricing 5,200,000 shares of common stock at a public offering price of $15.00 per share.

In addition, electroCore has granted the underwriters a 30-day option to purchase up to 780,000 additional shares of common stock at the initial public offering price, less the underwriting discounts and commissions.

electroCore’s common stock is expected to begin trading on the Nasdaq Global Market on June 22, 2018 under the symbol ECOR. The offering is expected to close on or about June 26, 2018, subject to customary closing conditions.

Evercore ISI, Cantor Fitzgerald & Co. and JMP Securities are acting as joint book-running managers for the offering. BTIG LLC is acting as lead manager.

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