Jefferies, Piper Jaffray, William Blair, Needham, Janney Montgomery assist
By Devika Patel
Knoxville, Tenn., Jan. 8 – Collegium Pharmaceutical, Inc. said it priced a $55 million public sale of stock with an $8.25 million greenshoe.
The company will sell 2.75 million common shares at $20.00 per share. The price per share is a 5.35% discount to the Jan. 7 closing share price of $21.13.
Jefferies LLC and Piper Jaffray & Co. are the bookrunners.
Settlement is expected Jan. 13.
The Canton, Mass., pharmaceutical company seeks to develop products to treat chronic pain and other diseases.
| Issuer: | Collegium Pharmaceutical, Inc.
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| Issue: | Common stock
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| Amount: | $55 million
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| Greenshoe: | $8.25 million, or 412,500 shares
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| Shares: | 2.75 million
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| Price: | $20.00
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| Warrants: | No
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| Bookrunners: | Jefferies LLC and Piper Jaffray & Co.
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| Co-lead managers: | William Blair & Co., LLC and Needham & Co., LLC
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| Co-manager: | Janney Montgomery Scott LLC
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| Pricing date: | Jan. 8
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| Settlement date: | Jan. 13
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| Stock symbol: | Nasdaq: COLL
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| Stock price: | $21.13 at close Jan. 7
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| Market capitalization: | $399.3 million
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