Chiasma gains after upsized IPO

Chiasma Inc. (NASDAQ:CHMA) gained $4 (25%) to $20 in its first day of trading Thursday after it raised $101.8 million through the sale of 6.4 million shares at $16 in an IPO underwritten by Barclays; Cowen; William Blair; and Oppenheimer. The offering price valued Chiasma at $367.6 million.

The company proposed in June to raise up to $86.3 million and said last week it hoped to sell 5.4 million shares at $13-$15. A sale of that many shares at $14 would have raised $75 million and valued Chiasma at $307.6 million. ...