Menlo Therapeutics (MNLO) IPO Opens Up 21%

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Menlo Therapeutics Inc. Announces Pricing of Initial Public Offering of Common Stock

January 24, 2018 8:48 PM EST

REDWOOD CITY, Calif., Jan. 24, 2018 (GLOBE NEWSWIRE) -- Menlo Therapeutics Inc. (NASDAQ: MNLO) today announced the pricing of the Companys initial public offering of 7,000,000 shares of common stock at a public offering price of $17.00 per share, before underwriting discounts. All of the shares of common stock are being offered by Menlo. The Company has also granted the underwriters a 30-day option to purchase from the Company an additional 1,050,000 shares of common stock at the initial public offering price, less the underwriting discount. Menlos common stock has been approved for listing on The Nasdaq... More