PeptiDream raises IPO range

PeptiDream Inc. (Tokyo, Japan) amended its IPO and now plans to sell 1.7 million shares at Y1,920-Y2,500 in an IPO on the Tokyo Stock Exchange's market of the high-growth and emerging stocks (Mothers). At the Y2,210 mid-point, PeptiDream would raise Y3.8 billion ($36.6 million) and be valued at Y35.6 billion ($346.2 million). Mizuho is the lead underwriter. PeptiDream said it expects the offer to be priced on or after May 31, with the shares slated to start trading in June. Earlier this month, PeptiDream said it planned to sell the shares at Y1,720-Y1,920. The company's founders plan to sell an additional 1 million shares in the IPO. ...