Synta prices IPO

SNTA raised $50 million in an IPO through the sale of 5 million shares at $10, which valued the company at $338.2 million. SNTA had been looking to sell 6 million shares at $14-$16, which, at the midpoint of the proposed price range, would have raised $90 million and valued the company at $491 million. SNTA finished the day off $0.91 at $9.09. The IPO was underwritten by Bear Stearns; Lehman; Lazard; and Montgomery & Co. ...