BioCentury
ARTICLE | Financial News

Regado bumps shares, lowers price for proposed IPO

August 20, 2013 11:13 PM UTC

Regado Biosciences Inc. (Basking Ridge, N.J.) amended its IPO and now plans to sell more shares at a lower price. The company is aiming to raise $42 million through the sale of 8.4 million shares at about $5, which would value Regado at $90 million. In May, Regado said it planned to sell 5 million shares at $14-$16. In April, the company proposed to raise up to $75 million. Cowen; BMO Capital Markets; Canaccord; Needham; and Wedbush are underwriters (see BioCentury Extra, May 28). ...