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Ambit completes $60.5mm IPO

Executive Summary

Ambit Biosciences Corp. (developing kinase inhibitors) has finally completed its initial public offering, netting $60.5mm through the sale of 8mm shares at $8. The company first filed in November 2010 but withdrew in June 2011, and then filed again in February 2013. Earlier this month, Ambit announced that it hoped to sell 4.6mm shares for between $13-15 apiece.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • IPO

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