Graybug Vision Inc. (GRAY) IPO Opens 19% Higher

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Go back to Graybug Vision Inc. (GRAY) IPO Opens 19% Higher

Graybug Vision Announces Pricing of Upsized Initial Public Offering

September 24, 2020 8:14 PM EDT

REDWOOD CITY, Calif., Sept. 24, 2020 (GLOBE NEWSWIRE) -- Graybug Vision, Inc. (Nasdaq: GRAY), a clinical-stage biopharmaceutical company focused on developing transformative medicines to treat chronic vision-threatening diseases of the retina and optic nerve, today announced the pricing of its upsized initial public offering of 5,625,000 shares of common stock at a public offering price of $16.00 per share. All of the shares are being offered by Graybug. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Graybug, are expected to be $90.0 million. In addition, Graybug has... More