Acacia raises €40M in IPO

Acacia Pharma Group plc (Euronext:ACPH) raised €40 million ($49.3 million) through the sale of 11.1 million shares at €3.60 in an IPO underwritten by Bank Degroof Petercam NV/SA and RBC Europe. The price values the company at €190.5 million ($235 million). Acacia expects to begin trading on March 5...