Applied Molecular Transport (AMTI) IPO Opens 57% Higher

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Go back to Applied Molecular Transport (AMTI) IPO Opens 57% Higher

Applied Molecular Transport Announces Pricing of Initial Public Offering

June 4, 2020 10:41 PM EDT

SOUTH SAN FRANCISCO, Calif., June 04, 2020 (GLOBE NEWSWIRE) -- Applied Molecular Transport (Nasdaq: AMTI), a clinical-stage biopharmaceutical company, today announced the pricing of its initial public offering of 11,000,000 shares of common stock at a public offering price of $14.00 per share. All of the shares of common stock are being offered by AMT. The gross proceeds of the offering, before deducting underwriting discounts and commissions and other offering expenses payable by AMT, are expected to be $154.0 million, excluding any exercise of the underwriters option to purchase additional shares. The shares are expected... More