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ARTICLE | Financial News

Follow-on roundup: Ascendis, Catalent

September 27, 2017 11:29 PM UTC

Ascendis Pharma A/S (NASDAQ:ASND) and Catalent Inc. (NYSE:CTLT) each priced follow-on offerings, raising more than $380 million.

Ascendis raised $134.9 million on Wednesday through the sale of 3.8 million ADSs at $35.50 in a follow-on underwritten by JPMorgan, BofA Merrill Lynch, Credit Suisse, Wells Fargo and Wedbush PacGrow. Each ADS represents 1 ordinary share. The price is a 4% discount to Ascendis' close of $37.10 on Tuesday when it proposed the offering after market hours...