Recursion Pharmaceuticals Inc. (RXRX) Prices 24.24M Share IPO at $18/Sh

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Go back to Recursion Pharmaceuticals Inc. (RXRX) Prices 24.24M Share IPO at $18/Sh

Recursion Pharmaceuticals Announces Pricing of Initial Public Offering

April 16, 2021 12:14 AM EDT

SALT LAKE CITY, April 16, 2021 /PRNewswire/ -- Recursion Pharmaceuticals, Inc. ("Recursion" or "we") today announced the pricing of its initial public offering of its Class A common stock at a price to the public of $18.00 per share. Recursion is offering 24,242,424 shares of its Class A common stock. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Recursion, are expected to be $436.4 million, excluding any exercise of the underwriters' option to purchase additional shares. The shares are expected to begin trading on the Nasdaq Global Select Market on April 16,... More