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Bind aims to price IPO of 4.7 million shares between $14.00 and $16.00
Credit Suisse and Cowen are joint bookrunners; JMP, Stifel to assist
By Devika Patel
Knoxville, Tenn., Sept. 5 - Bind Therapeutics, Inc. will sell 4.7 million common shares in its initial public offering with a 30-day greenshoe for 705,000 additional shares. The deal was announced Aug. 12.
The shares will be sold at a price expected to be between $14.00 and $16.00 per share, according to an S-1/A filing made Thursday with the Securities and Exchange Commission.
Credit Suisse Securities (USA) LLC and Cowen and Co., LLC are the joint bookrunning managers. Stifel, Nicolaus & Co., Inc. and JMP Securities LLC are the co-managers.
Proceeds will be used for development of BIND-014, working capital and general corporate purposes.
Based in Cambridge, Mass., the clinical-stage nanomedicine company is developing Accurins, which is designed to target specific cells or tissues and concentrate a therapeutic payload at the site of disease. The company intends to list its common stock on the Nasdaq under the symbol "BIND."
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