Ligand Partner Viking Therapeutics Announces Closing of Initial Public Offering

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Ligand Pharma (LGND) Announces Closure of Viking Therapeutics (VKTX) IPO; Purchases 1.13M Shares

May 5, 2015 8:12 AM EDT

Ligand Pharma (NASDAQ: LGND) partner Viking Therapeutics, Inc. (NASDAQ: VKTX) announced that it had closed its initial public offering (the Viking IPO) of 3,000,000 shares of its common stock at an initial offering price to the public of $8.00 per share. Viking granted the underwriters a 30-day option to purchase up to an additional 450,000 shares of common stock at the same price to cover over-allotments, if any. The shares are trading on... More