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ARTICLE | Financial News

Ardelyx raises $60 million in IPO

June 20, 2014 1:21 AM UTC

Ardelyx Inc. (NASDAQ:ARDX) raised $60 million in an IPO through the sale of 4.3 million shares at $14. The price values Ardelyx at $250.4 million. Earlier this month, the company proposed to sell 3.6 million shares at $13-$15. Underwriters are Citigroup; Leerink; JMP Securities; and Wedbush. Ardelyx was up $0.07 to $14.07 on its first day of trading. ...