Stemline Therapeutics Announces Pricing of IPO Tuesday, January 29, 4:31 PM ET
Stemline Therapeutics, a clinical-stage biopharmaceutical company developing oncology therapeutics that target both cancer stem cells and tumor bulk, today announced the pricing of its IPO of 3,317,644 shares of its common stock offered at a price to the public of $10.00 per share. The gross proceeds to Stemline from the initial public offering are expected to be $33,176,440, before underwriting discounts and commissions and other offering expenses. Stemline has granted the representative of the underwriters a 45-day option to purchase up to 497,647 additional shares of common stock from Stemline to cover over-allotments, if any. The shares are expected to begin trading on the NASDAQ Capital Market under the symbol "STML" on January 29, 2013. The offering is expected to close on January 31, 2013, subject to customary closing conditions.
Aegis Capital is acting as sole book-running manager for the offering.
Feltl and Company and Sunrise Securities are acting as co-managers for the offering.
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