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ARTICLE | Financial News

Sol-Gel raises $75M in IPO

February 1, 2018 2:29 AM UTC

Dermatology company Sol-Gel Technologies Ltd. (NASDAQ:SLGL) was up $1.64 (14%) to $13.64 on Thursday after raising $75 million late Wednesday through the sale of 6.3 million shares at $12 in an IPO. The offering was underwritten by Jefferies, BMO Capital Markets, JMP Securities and Raymond James and values the company at $200.8 million.

Sol-Gel proposed in August to raise up to $86.3 million; in its latest amendment, the company said it was seeking to sell 5 million shares at $11-$13...

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Sol-Gel Technologies Ltd.