Jazz Pharmaceuticals shoots for $179M IPO with me-too drugs
Jazz Pharmaceuticals, a Palo Alto, Calif., outfit that licenses and acquires drugs from other companies, said it hopes to raise up to $179.4 million in a 6.9 million share offering — all based on a stable of unexciting drug retreads.
According to its SEC filing, Jazz now plans to price its shares between $24 and $26 apiece, for gross proceeds of between $165.6 million and $179.4 million. When it first announced its IPO plans in March,… Continue Reading