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Why Dicerna's underwriters waived 180-day lockup on biotech's IPO
Related tables, figures and sidebars
Confident roll of the dice(r)
Monday, February 10, 2014
Underwriters for Dicerna
Pharmaceuticals Inc.'s IPO took the rare step of waiving a lockup period
for the RNAi play - a move that could give some existing shareholders a free
hand to immediately realize some of the massive returns they now enjoy.
Dicerna (NASDAQ:DRNA) raised
$90 million on Jan. 29 through the sale of 6 million shares at $15, giving it a
postmoney valuation of $294.4 million. The stock more than tripled in its
trading debut on Jan. 30
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