BioCentury
ARTICLE | Financial News

Biotie raises $92.9M in listing, note deal

June 12, 2015 1:06 AM UTC

Biotie Therapies Corp. (HSE:BTH1V; NASDAQ:BITI) gained $5.73 (39%) to $20.61 in its first day of trading on NASDAQ after raising $92.9 million via a listing of ADSs and a concurrent note deal.

The company raised $56 million through the sale of 3.8 million ADSs at $14.89 in an offering underwritten by RBC Capital Markets; Stifel; JMP Securities; and Roth Capital Partners. Each ADS is worth 80 Biotie shares. ...