BioCentury
ARTICLE | Financial News

ZS Pharma raises $185.7M in bumped-up follow-on

March 26, 2015 2:02 AM UTC

ZS Pharma Inc. (NASDAQ:ZSPH) raised $185.7 million through the sale of 4 million shares at $46.25 in an bumped-up follow-on underwritten by JPMorgan; Credit Suisse; BMO Capital Markets; William Blair; and LifeSci Capital. The company proposed to sell 3.3 million shares on Monday, when its stock was at $46.65. ZS lost $4.59 to $42 on Wednesday. ...