BioCentury
ARTICLE | Financial News

Puma sets share amount for follow-on

October 16, 2012 1:33 AM UTC

Puma Biotechnology Inc. (OTCBB:PBYI) said it plans to sell 5.3 million shares in its proposed follow-on and transition to the New York Stock Exchange. If sold at Puma's close of $15.50 on Monday, the company would raise $82.2 million and be valued at $392.3 million. BofA Merrill Lynch; Leerink; Stifel Nicolaus Weisel; Cowen; and UBS are underwriters. In April, Puma listed on the OTC Bulletin Board via the Form 10 pathway after reverse-merging with shell Innovative Acquisitions Inc. last October (see BioCentury, April 20. ...