Achaogen raises $72 million in IPO

Infectious disease company Achaogen Inc. (NASDAQ:AKAO) jumped $2.30 (19%) to $14.30 on its first day of trading Wednesday after raising $72 million in an IPO through the sale of a bumped-up number of shares at the low end of its proposed price range. The company sold 6 million shares at $12, which values the company at $201.4 million. Last month, Achaogen said it planned to sell 5 million shares at $12-$14. Credit Suisse; Cowen; William Blair; and Needham are underwriters. ...