ARTICLE | Financial News

Proteon raises $61.1M in IPO

October 23, 2014 2:50 AM UTC

Proteon Therapeutics Inc. (NASDAQ:PRTO) closed up $0.03 to $10.03 in its first day of trading Wednesday after raising $61.1 million by selling 6.1 million shares at $10 in an IPO on NASDAQ. The price valued Proteon at $149.9 million. Stifel; JMP Securities; Baird; and Oppenheimer are underwriters.

Earlier this month, Proteon proposed to sell 4.7 million shares at $12-$14. At $13, the company would have been valued at $182.6 million while raising the same amount. ...