Adocia raises EUR 25.3 million in IPO

Adocia S.A. (Lyon, France) raised EUR 25.3 million ($33.6 million) through the sale of 1.6 million shares at EUR 15.88 in an IPO on Euronext Paris and private placement outside the U.S. The price values Adocia at EUR 96.1 million ($127.6 million). Last month, the company said it planned to sell 1.4 million shares at EUR 13-EUR 15.88. At the EUR 14.44 mid-point of the original range and 1.4 million shares, the company would have raised EUR 20 million ($25.9 million) and been valued at EUR 84.4 million ($109.1 million). DSF was lead manager and bookrunner, and Invest Securities was co-lead manager. The first day of trading is slated for Feb. 20 (see BioCentury, Jan. 30). ...