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ARTICLE | Financial News

Relypsa raises $75.4 million in IPO

November 16, 2013 2:25 AM UTC

Relypsa Inc. (NASDAQ:RLYP) raised $75.4 million through the sale of 6.9 million shares at $11 in an IPO. On Thursday, the company had said it planned to sell the same number of shares at $12, down from the $16-$19 price range Relypsa had set earlier this month. The $11 price values the company at $315.3 million. Morgan Stanley; BofA Merrill Lynch; Cowen; Stifel; and Wedbush PacGrow are underwriters. Relypsa was up $1.07 to $12.07 on its first day of trading on Friday. ...