Kadmon raises $75M in IPO

Kadmon Holdings Inc. (NYSE:KDMN) raised $75 million through the sale of 6.3 million shares at $12 in an IPO underwritten by Citigroup, Jefferies, JMP Securities and H.C. Wainwright. The IPO price values the company at $538.4 million. Kadmon shares are to begin trading Wednesday.

Earlier this month, Kadmon said it hoped to sell 5.6 million shares at $16-$20. The company filed in June to raise up to $140 million. ...