ARTICLE | Financial News

Acceleron sets share number for follow-on

January 22, 2014 2:14 AM UTC

Acceleron Pharma Inc. (NASDAQ:XLRN) said it now plans to sell 2 million shares in a follow-on underwritten by Citigroup; Leerink Partners; Piper Jaffray; and JMP Securities. If sold at Acceleron's close of $49.14 on Friday, before the amendment was announced, Acceleron would raise $98.3 million. The company -- which first proposed to raise up to $115 million in the offering earlier this month -- was up $2.52 to $51.66 on Tuesday. ...