BioCentury
ARTICLE | Financial News

Aldeyra raises $12 million in IPO

May 3, 2014 1:30 AM UTC

Aldeyra Therapeutics Inc. (NASDAQ:ALDX) raised $12 million in an IPO through a bumped-up number of shares below its proposed price range. The company sold 1.5 million shares at $8, which values Aldeyra at $43.8 million. Last month, the company said it planned to sell 1.2 million shares at $10-$12. Aegis Capital is the sole underwriter. Aldeyra was off $0.80 (10%) to $7.20 on its first day of trading Friday. ...