Anthera raises $42M in IPO

Anthera Pharmaceuticals Inc. (NASDAQ:ANTH) raised $42 million through the sale of 6 million shares at $7 in an IPO underwritten by Deutsche Bank; Piper Jaffray; Cowen; and Merriman Curhan Ford. The price values the company at $151.1 million. Last week, Anthera lowered the price from $13-$15 to $7 while increasing the number of shares to 6 million from 4.6 million. At the $14 mid-point of the original range and 4.6 million shares, the company would have raised $64.5 million and been valued at $242.2 million. Anthera was up $0.01 to $7 in its first day of trading on Monday. ...