BioCentury
ARTICLE | Financial News

Assembly raises $144M follow-on

July 13, 2018 6:53 PM UTC

Assembly Biosciences Inc. (NASDAQ:ASMB) raised $144 million late on July 11 through the sale of 4 million shares at $36 in a follow-on underwritten by Jefferies, Leerink, William Blair, Mizuho Securities, Baird and National Securities Corp.

The price is a 10% discount to Assembly’s close of $39.78 on July 10, before the company proposed the offering after market close. Assembly dropped $3.07 to $36.71 on July 11 and was up $5.19 (14%) to $41.90 on July 12...