Vectura proposes AIM IPO

Drug delivery company Vectura (Chippenham, U.K.) plans to raise L20-L25 million ($37-$46 million) in an IPO on the LSE's AIM. The company plans to sell shares at 70p-84p. If Vectura raises L25 ($46 million), it will have a post-money valuation of L75-L85 million ($138-$156 million), depending on the number of shares sold. ...