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ARTICLE | Financial News

Galapagos fills till via private placement, U.S. listing

May 15, 2015 1:14 AM UTC

Galapagos N.V. (Euronext:GLPG; NASDAQ:GLPG) gained $8.45 (20%) to $50.50 on Thursday in its first day of trading on NASDAQ after it raised $210.1 million through the sale of 5 million ADSs at $42.05. The company also raised EUR 57.5 million ($64.1 million) through the sale of 1.5 million ordinary shares at EUR 37 in a private placement. Each ADS can be exchanged for one ordinary share.

Underwriters were Morgan Stanley; Credit Suisse; Cowen; Nomura; and Bryan, Garnier. ...