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KemPharm registers $57.5 million of stock for initial public offering
Cowen, RBC Capital Canaccord Genuity and Oppenheimer assist with sale
By Devika Patel
Knoxville, Tenn., March 11 – KemPharm, Inc. will conduct an initial public offering of its common stock with a 30-day greenshoe, according to a Form S-1 filed Wednesday with the Securities and Exchange Commission. The company has registered up to $57.5 million of stock.
Cowen and Co. and RBC Capital Markets are the bookrunning managers. Canaccord Genuity and Oppenheimer & Co. are the co-managers.
Proceeds will be used for clinical trials, research and development, working capital and other general corporate purposes.
The clinical-stage specialty pharmaceutical company is based in Coralville, Iowa. The company intends to list its common stock on the Nasdaq under the symbol “KMPH.”
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