Relypsa sets IPO range

Relypsa Inc. (Redwood City, Calif.) amended its IPO and now plans to sell 6.9 million shares at $16-$19. At the $17.50 midpoint, the company would raise $119.9 million and be valued at $502.4 million. Relypsa filed to raise up to $126.5 million in the offering in September and last month amended the offering and said it planned to raise up to $138 million. Morgan Stanley; BofA Merrill Lynch; Cowen; Stifel; and Wedbush are underwriters. ...