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ARTICLE | Financial News

Erytech raises EUR 16.7 million in French IPO on NASDAQ

May 3, 2013 11:53 PM UTC

Erytech Pharma S.A. (Lyon, France) raised EUR 16.7 million ($21.8 million) through the sale of 1.4 million shares at EUR 11.60 in an IPO on NYSE Euronext Paris. The EUR 11.60 price values the company at EUR 64.3 million ($83.7 million). In April, Erytech said it planned to raise EUR 15 million ($19.5 million) in an IPO through the sale of 1.3 million shares at EUR 10.50-EUR 12.70. ...