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Kura expects to price its public sale of 3.75 million shares at $16.00
Citigroup and Leerink are the bookrunners; JMP and Oppenheimer assist
By Devika Patel
Knoxville, Tenn., Oct. 28 – Kura Oncology, Inc. will sell 3.75 million common shares in its public offering with a greenshoe of 562,500 additional shares, according to a Form S-1/A filed Wednesday with the Securities and Exchange Commission. The company has registered up to $69 million of stock for the deal, which was announced on Oct. 20.
The shares will be sold at an expected price of $16.00 per share.
Citigroup and Leerink Partners are the bookrunners, and JMP Securities and Oppenheimer & Co. are the co-managers.
Proceeds will be used for clinical trials, research and preclinical development and general corporate purposes, including general and administrative expenses, capital expenditures, working capital and prosecution and maintenance of intellectual property.
The biopharmaceutical company is based in La Jolla, Calif.
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