ARTICLE | Financial News

Dermira sets IPO terms

September 20, 2014 1:27 AM UTC

Dermira Inc. (Redwood City, Calif.) amended its IPO on NASDAQ and now plans to sell 5.3 million shares at $14-$16. At $15 the dermatology company would raise $80.3 million and be valued at $253.4 million. Citigroup; Leerink; Guggenheim Securities; and Needham are underwriters.

Dermira said partner UCB Group (Euronext:UCB) will purchase about $7.5 million of stock in a separate private placement concurrent with the offering. Dermira filed to raise up to $75 million last month. ...