Evelo Biosciences (EVLO) Prices 5.31M Share IPO at $16/Sh

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Evelo Biosciences Announces Pricing of Initial Public Offering

May 8, 2018 7:29 PM EDT

CAMBRIDGE, Mass., May 08, 2018 (GLOBE NEWSWIRE) -- Evelo Biosciences, Inc. (Nasdaq: EVLO) (Evelo) today announced the pricing of its initial public offering of 5,312,500 shares of common stock at a public offering price of $16.00 per share, before underwriting discounts and commissions. In addition, Evelo has granted the underwriters a 30-day option to purchase up to an additional 796,875 shares of common stock at the initial public offering price, less the underwriting discounts and commissions, to cover over-allotments, if... More