Structure Therapeutics (GPCR) Prices Upsized 10.74M ADS IPO at $15/ADS

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Go back to Structure Therapeutics (GPCR) Prices Upsized 10.74M ADS IPO at $15/ADS

Structure Therapeutics Announces Pricing of Upsized Initial Public Offering

February 2, 2023 7:42 PM EST

SAN FRANCISCO and SHANGHAI, China, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Structure Therapeutics Inc. (NASDAQ: GPCR), a clinical-stage global biopharmaceutical company developing novel oral small molecule therapeutics for metabolic and pulmonary diseases, today announced the pricing of its upsized initial public offering of 10,740,000 American depositary shares (ADSs), each representing three ordinary shares, at a public offering price of $15.00 per ADS. The aggregate gross proceeds to Structure Therapeutics from the offering are expected to be $161.1 million before deducting underwriting discounts and commissions and offering expenses. In addition, Structure Therapeutics has granted the underwriters a 30-day... More