Xoma raises $27.5 million in follow-on

Xoma Corp. (NASDAQ:XOMA) raised $27.5 million through the sale of 7.6 million shares at $3.62 in a follow-on underwritten by Cowen; Canaccord; and Roth Capital Partners. Xoma proposed the follow-on before the market opened on Tuesday. The company was up $0.45 (12%) to $4.07 on the day. ...