Bavarian Nordic registers $86.25 million of stock for initial ADS sale

Bookrunners Cowen, Piper Jaffray, co-manager Nomura assist with sale

By Devika Patel

Knoxville, Tenn., Jan. 4 – Bavarian Nordic A/S will price its initial public offering, in the United States, of American Depositary Shares with a 30-day greenshoe, according to a Form F-1 filed Monday with the Securities and Exchange Commission. The company has registered up to $86.25 million of underlying stock.

Cowen and Co. and Piper Jaffray are the bookrunners and Nomura is the co-manager.

Proceeds will be used to advance the company’s portfolio, for working capital and general corporate purposes.

The biotechnology company is based in Kvistgaard, Denmark. The company has applied to list the ADSs on the Nasdaq under the symbol “BAVN.”

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.