Vectr Systems, Inc. (VECT) IPO Prices at $17

Go back to Vectr Systems, Inc. (VECT) IPO Prices at $17

VectivBio Announces Pricing of Initial Public Offering

April 8, 2021 10:27 PM EDT

BASEL, Switzerland, April 08, 2021 (GLOBE NEWSWIRE) -- VectivBio Holding AG, (Vectiv or VectivBio) (Nasdaq: VECT), a clinical stage biopharmaceutical company focused on the discovery, development and commercialization of innovative treatments for severe rare conditions for which there is a significant unmet medical need, today announced the pricing of its initial public offering of 7,500,000 ordinary shares at a public offering price of $17.00 per share. The gross proceeds to Vectiv, before deducting underwriting discounts and commissions and offering expenses, are expected to be $127.5 million. All of the ordinary shares are being offered by Vectiv. In addition,... More