CoLucid expects to price IPO of 5.5 million shares at $10.00 per share

Piper Jaffray, Stifel, Blair, Ladenburg Thalmann assist with offering

By Devika Patel

Knoxville, Tenn., May 5 – CoLucid Pharmaceuticals, Inc. will now sell 5.5 million common shares in its initial public offering with a 30-day greenshoe of 825,000 additional shares, according to a Form S-1/A filed Friday with the Securities and Exchange Commission. The company has registered up to $63.25 million of stock for the sale, which was announced March 30.

The shares will be sold at an expected price of $10.00 per share.

Piper Jaffray and Stifel are the bookrunning managers. William Blair and Ladenburg Thalmann are the co-managers.

The company said on April 20 that it planned to sell 5.36 million shares at a price expected to fall between $13.00 and $15.00 per share, with a greenshoe of 804,000 additional shares.

Proceeds will be used for clinical trials, development, working capital, general and administrative expenses and other general corporate purposes.

The biopharmaceutical company is based in Burlington, Mass. The company intends to list its common stock on the Nasdaq under the symbol “CLCD.”

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