Alvotech Announces Pricing of $152 Million Public Offering of Ordinary Shares and Concurrent Private Placement
Alvotech priced a public offering of 22.7 million ordinary shares at $3.75 per share, aiming for $85 million in gross proceeds, with an additional 3.4 million shares available to underwriters. Concurrently, the company entered a private placement to sell 17.8 million shares at the same price, adding approximately $67 million in gross proceeds.
Key figures
- Deal Value Usd
- 152000000
- Offering Price
- 3.75
- Shares Offered
- 22666667
- Gross proceeds total
- 152000000
- Private placement shares
- 17826666
- Private placement proceeds
- 67000000
- Underwriter over allotment shares
- 3400000
- Gross proceeds with over allotment
- 165000000
AI analysis
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