Obalon Therapeutics Announces Pricing of Initial Public Offering

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Obalon Therapeutics (OBLN) IPO Opens Modestly Higher

October 6, 2016 11:00 AM EDT

Today's IPO for Obalon Therapeutics, Inc. (Nasdaq: OBLN) opened for trading at $15.21 after pricing 5,000,000 shares of its common stock at a price to the public of $15 per share, the middle of the expected $14-$16 range.

UBS Investment Bank, Canaccord Genuity and Stifel are acting as joint book-running managers for the offering. BTIG is... More