Ascendis Pharma (ASND) to Offer $400M in Common Stock

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Go back to Ascendis Pharma (ASND) to Offer $400M in Common Stock

Ascendis Pharma A/S Announces Proposed Public Offering of ADSs

August 31, 2021 4:01 PM EDT

COPENHAGEN, Denmark, Aug. 31, 2021 (GLOBE NEWSWIRE) -- Ascendis Pharma A/S (Nasdaq: ASND), a biopharmaceutical company that utilizes its innovative TransCon technologies to potentially create new treatments that make a meaningful difference in patients lives, today announced that it has commenced an underwritten public offering of $400,000,000 of American Depositary Shares (ADSs), each of which represents one ordinary share of Ascendis. All of the ADSs are being offered by Ascendis. In addition, Ascendis expects to grant the underwriters a 30-day option to purchase up to an additional $60,000,000 of ADSs at the public offering price, less the underwriting... More