Viela Bio (VIE) Prices 3.6M Share Common Offering at $47/Sh

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Go back to Viela Bio (VIE) Prices 3.6M Share Common Offering at $47/Sh

Viela Bio Announces Pricing of Public Offering of Common Stock

May 27, 2020 10:40 PM EDT

GAITHERSBURG, Md., May 27, 2020 (GLOBE NEWSWIRE) -- Viela Bio, Inc. (Nasdaq: VIE), a clinical-stage biotechnology company pioneering treatments for autoimmune and severe inflammatory diseases, today announced the pricing of an underwritten public offering of 3,600,000 shares of its common stock at a price to the public of $47.00 per share. The gross proceeds to Viela Bio from the offering, before deducting the underwriting discounts and commissions and offering expenses, are expected to be approximately $169 million. In addition, certain selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 540,000 shares of common... More