Regado up after raising $43M in IPO

Regado Biosciences Inc. (NASDAQ:RGDO) jumped $0.70 (18%) to $4.70 on Thursday after raising $43 million through the sale of 10.8 million shares at $4 in an IPO. The $4 price valued the company at $81.5 million. Cowen; BMO Capital Markets; Canaccord; Needham; and Wedbush are underwriters

On Tuesday, Regado amended its IPO and said it planned to sell 8.4 million shares at about $5, which would have raised $42 million and valued Regado at $90 million. In May, the company said it planned to sell 5 million shares at $14-$16. Regado first proposed to raise up to $75 million in an IPO in April (see BioCentury Extra, Aug. 20). ...