Verrica Pharmaceuticals (VRCA) IPO Opens 33%

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Verrica Pharmaceuticals Inc. Announces Pricing of Initial Public Offering

June 14, 2018 5:53 PM EDT

WEST CHESTER, Pa., June 14, 2018 (GLOBE NEWSWIRE) -- Verrica Pharmaceuticals Inc. (Verrica) (Nasdaq: VRCA), a pharmaceutical company focused on identifying, developing and commercializing innovative pharmaceutical products for the treatment of skin diseases with significant unmet needs, today announced the pricing of its initial public offering of 5,000,000 shares of its common stock at a public offering price of $15.00 per share, for total gross proceeds of approximately $75.0 million before underwriting discounts and commissions and estimated offering expenses.  In addition, Verrica has granted the underwriters a 30-day option to purchase up to an additional 750,000 shares... More