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Innocoll to sell American Depositary Shares in IPO
Piper Jaffray and Stifel are joint bookrunners; JMP Securities assists
By Devika Patel
Knoxville, Tenn., June 19 – Innocoll GmbH will price its initial public offering of American Depositary Shares representing ordinary shares with a 30-day greenshoe, according to a Form F-1 filed Thursday with the Securities and Exchange Commission.
Piper Jaffray & Co. and Stifel Nicolaus & Co., Inc. are the joint bookrunners; JMP Securities LLC is the co-manager.
Proceeds will be used for development, expanding manufacturing infrastructure and general corporate purposes.
The pharmaceutical company is based in Athlone, Ireland. The company has applied to list the ADSs on the Nasdaq under the symbol “INNL.”
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