ARTICLE | Financial News

Ablynx to raise up to EUR 57.5 million

March 9, 2010 2:08 AM UTC

Ablynx N.V. (Euronext:ABLX) said it plans to raise up to EUR 57.5 million ($78.3 million) through the sale of shares at EUR 7.20-EUR7.75 in a follow-on in Belgium and separate private placements in the U.S. and elsewhere. KBC; UBS; and Piper Jaffray are underwriters. KBC and Kempen are the selling agents. Ablynx proposed the offering last month, when its share price was EUR 8.26. Ablynx was off EUR 0.10 to EUR 7.57 on Monday. ...