Clinigen raises L10 million in IPO

Clinigen Group Ltd. (Burton-on-Trent, U.K.) raised L10 million ($16.2 million) through the sale of 6.1 million shares at 164p in an IPO on LSE's AIM. The price values Clinigen at L135.4 million ($219.6 million). Selling shareholders also raised L40 million ($64.9 million) through the sale of 24.4 million shares. Numis Securities was broker, advisor and sole bookrunner. The company is slated to begin trading under the ticker "CLIN" on Sept. 25. Clinigen proposed the IPO late last month. ...