Idorsia raises $511.9M in dual offerings

Idorsia Ltd. (SIX:IDIA) raised on July 11 CHF505.2 million ($511.9 million) in a pair of private placements underwritten by Credit Suisse, Goldman Sachs and Octavian.

Idorsia raised CHF305.2 million ($309.2 million) through the sale of 11.9 million shares at CHF25.62. The price is a 5% discount to its close of CHF26.96 on July 10 when it announced the offerings after trading hours...