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ARTICLE | Financial News

GlycoMimetics reaps $119M in bumped-up follow-on

March 23, 2018 7:04 PM UTC

GlycoMimetics Inc. (NASDAQ:GLYC) raised $119 million on March 20 through the sale of 7 million shares at $17 in an upsized follow-on underwritten by Jefferies, Cowen, Stifel, SunTrust Robinson Humphrey and Roth Capital Partners. The price is a 1% premium over GlycoMimetics' closing price of $16.77 on March 19, when the company proposed after market hours to sell 4.5 million shares.

GlycoMimetics climbed $0.80 to $17.57 on March 20, then priced the offering after market hours. It added another $0.06 to $17.63 on March 21...

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GlycoMimetics Inc.