Rhythm Pharmaceutical (RYTM) IPO Opens Up 37%

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Go back to Rhythm Pharmaceutical (RYTM) IPO Opens Up 37%

Rhythm Pharmaceuticals, Inc. Announces Pricing of Initial Public Offering

October 4, 2017 9:08 PM EDT

BOSTON, Oct. 04, 2017 (GLOBE NEWSWIRE) -- Rhythm Pharmaceuticals, Inc., a biopharmaceutical company focused on the development and commercialization of peptide therapeutics for treatment of rare genetic deficiencies that result in life-threatening metabolic disorders, today announced the pricing of its initial public offering of 7,050,000 shares of common stock at a public offering price of $17.00 per share, before underwriting discounts. All of the shares are being offered by Rhythm. In addition, Rhythm has granted the underwriters a 30-day option to purchase up to an additional 1,057,500 shares of common stock at the initial public offering price. The shares are scheduled... More