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Omrix greenshoe exercised, raising size of IPO to $39.5 million
By Lisa Kerner
Erie, Pa., May 8 - Omrix Biopharmaceuticals, Inc. said the underwriters of its initial public offering have exercised their over-allotment option to purchase an additional 515,625 shares of its common stock priced at $10 per share.
With the greenshoe, the total size of the deal is now 3,953,125 shares or $39.5 million.
The company expects to net about $35 million.
The issue originally priced on April 20.
UBS Investment Bank acted as bookrunner and co-lead manager. CIBC World Markets is acting as co-lead manager, and Leerink Swann & Co. and Oppenheimer & Co. are co-managers.
Omrix is a commercial-stage biopharmaceutical company located in New York City.
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