Akcea Therapeutics (AKCA) Prices 15.625M Share IPO at $8/Sh

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Akcea Therapeutics Announces Pricing of Initial Public Offering

July 13, 2017 8:26 PM EDT

CAMBRIDGE, Mass., July 13, 2017 /PRNewswire/ -- Akcea Therapeutics, Inc. today announced the pricing of its initial public offering of 15,625,000 shares common stock at a public offering price of $8.00 per share, for gross proceeds of $125.0 million before underwriting discounts and commissions and offering expenses to be paid by Akcea.  In addition, Akcea has granted the underwriters a 30-day option to purchase up to 2,343,750 additional shares of common stock at the public offering price, less underwriting discount and commissions, to cover over-allotments, if any.  Akcea's shares are expected to begin trading on the NASDAQ Global Select Market on July 14, 2017... More