Nordic Nanovector raises $41.6 million

Nordic Nanovector A/S (Oslo, Norway) raised NOK250 million ($41.6 million) through the sale of 10 million shares at NOK25 in a private placement to existing shareholders and institutional investors. The company's largest shareholder, HealthCap, purchased 1.8 million shares in the offering. The offering is subject to approval at an extraordinary general meeting planned for the end of June. ABG Sundal Collier and DNB Markets are managers.

Earlier this month, Nordic Nanovector proposed to raise up to NOK150 million ($25 million) in the offering. The company said it was completing the financing in advance of a potential IPO, which the company said it aims to complete by the end of March 2015. ...