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Hospital products company Cadence nets $57.8mm with IPO

Executive Summary

Cadence Pharmaceuticals (in-licenses treatments to develop for the hospital market) netted $57.8mm (including the overallotment) with its initial public offering, selling 6.9mm common shares for $9 apiece. Earlier it had hoped to raise up to $78mm from 6mm common shares at $11-13 apiece.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
    • Specialty Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • IPO

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