Advanced Accelerator raises $150M in follow-on

Advanced Accelerator Applications S.A. (NASDAQ:AAP) raised $150 million through the sale of 3.9 million ADSs at $38 in a follow-on underwritten by JPMorgan, Jefferies, Wells Fargo, Canaccord and JMP Securities.

After market close on Tuesday, when its share price was $37.55, the company said it planned to raise up to $125 million. Advanced Accelerator gained $1.41 to $38.96 on Wednesday, then lost $0.31 to $38.65 on Thursday. ...