Crossject raises $23.3 million in French IPO

Crossject S.A. (Euronext:ALCJ) raised EUR 17.1 million ($23.3 million) through the sale of 2 million shares at EUR 8.38 in an IPO on Euronext Paris and a private placement to institutional investors outside the U.S. The price values the company at EUR 52.3 million ($71.4 million). Earlier this month, Crossject said it planned to sell 1.5 million shares at EUR 7.21-EUR 8.38 in the offering. CM-CIC Securities was bookrunner and listing sponsor. Crossject is slated to start trading on Euronext on Feb. 20. ...