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NuPathe prices IPO

August 7, 2010 12:03 AM UTC

NuPathe Inc. (NASDAQ:PATH) raised $50 million through the sale of 5 million shares at $10 in an IPO underwritten by Leerink; Lazard; and Needham. The price values the company at $145.5 million. On Thursday, NuPathe lowered the price from $14-$16 to $10. A $15 price would have raised $75 million and valued the company at $211.7 million. NuPathe fell $0.39 to $9.61 in its first day of trading on Friday. ...