Sol-Gel raises $75M in IPO

Dermatology company Sol-Gel Technologies Ltd. (NASDAQ:SLGL) raised $75 million after market hours on Jan. 31 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 valued 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...