Advanced Accelerator Applications (AAAP) IPO Opens Up 16%

Today's IPO for Advanced Accelerator Applications (NASDAQ: AAAP) opened for trading at $18.50 after pricing 4,688,000 American Depositary Shares at $16, the middle of the expected $15-$17 range.

Citigroup Global Markets Inc. and Jefferies LLC are acting as joint book-running managers for the offering. Canaccord Genuity Inc. and JMP Securities LLC are acting as co-managers.

Advanced Accelerator Applications (AAA) is a radiopharmaceutical company founded in 2002 to develop innovative molecular nuclear medicine products. AAA's main focus is in the field of Molecular Imaging and targeted, individualized therapy for the management of patients with serious conditions ("Personalized Medicine").

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