Intercept raises $57.1 million in follow-on

Intercept Pharmaceuticals Inc. (NASDAQ:ICPT) raised $57.1 million through the sale of 1.7 million shares at $33.01 in a follow-on underwritten by BofA Merrill Lynch; Citigroup; BMO Capital Markets; Needham; Wedbush; and Janney Montgomery Scott. Intercept proposed to raise up to $63.3 million through the sale of up to 2 million shares in the offering on June 10, when its share price was $33.65. On Wednesday, Intercept was up $5.40 (16%) to $38.41. ...