Alvotech Announces Closing of Public Offering and Full Exercise by Underwriters of Option to Purchase Additional Shares, Raising an Aggregate of $165 Million with Concurrent Private Placement
Alvotech closed an underwritten public offering of 26.07 million ordinary shares at $3.75 per share, generating gross proceeds of approximately $98 million. Concurrently, the company completed a private placement of 17.83 million ordinary shares at the same price, adding roughly $67 million in gross proceeds for a total raise of $165 million.
Key figures
- Deal Value Usd
- 165000000
- Offering Price
- 3.75
- Shares Offered
- 43893333
- Public offering shares
- 26066667
- Post closing share count
- 390431480
- Private placement shares
- 17826666
- Public offering proceeds
- 98000000
- Private placement proceeds
- 67000000
AI analysis
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