Kardigan Announces Closing of Initial Public Offering and Full Exercise of Underwriters' Option to Purchase Additional Shares
Kardigan closed its initial public offering, selling 28.75 million shares at $16.00 per share for gross proceeds of $460 million. The underwriters fully exercised their option to purchase an additional 3.75 million shares, signaling robust demand for the clinical-stage cardiovascular company.
Key figures
- Deal Value Usd
- 460000000
- Offering Price
- 16
- Shares Offered
- 28750000
AI analysis
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