Published on 10/22/2015 in the Prospect News PIPE Daily.
Dimension prices $71.5 million initial public stock offering at $13.00
Company to sell stock through bookrunners Goldman Sachs, Citigroup
By Devika Patel
Knoxville, Tenn., Oct. 22 – Dimension Therapeutics, Inc. said it priced its $71.5 million initial public sale of stock with a $10.73 million greenshoe on Wednesday.
The company will sell 5.5 million common shares at $13.00 apiece.
Goldman, Sachs & Co. and Citigroup Global Markets Inc. are the bookrunning managers.
The gene therapy company is based in Cambridge, Mass. The company’s expects its shares will trade on the Nasdaq under the symbol “DMTX.”
Issuer: | Dimension Therapeutics, Inc.
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Issue: | Common stock
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Amount: | $71.5 million
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Greenshoe: | $10,725,000, or 825,000 shares
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Shares: | 5.5 million
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Price: | $13.00
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Warrants: | No
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Bookrunners: | Goldman, Sachs & Co. and Citigroup Global Markets Inc.
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Lead manager: | Wells Fargo Securities, LLC
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Co-managers: | Canaccord Genuity Inc. and Cantor Fitzgerald & Co.
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Pricing date: | Oct. 21
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Stock exchange: | Nasdaq: DMTX
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