Inotek Pharma (ITEK) IPO Opens Modestly Higher

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Go back to Inotek Pharma (ITEK) IPO Opens Modestly Higher

Inotek Pharma (ITEK) Prices 6.67M Common IPO at $6/Share; Announces $20M Conv. Senior Notes Offering

February 18, 2015 6:28 AM EST

Inotek Pharma (Nasdaq: ITEK) announced the pricing of its initial public offering of 6,667,000 shares of its common stock at a price to the public of $6.00 per share for aggregate proceeds of $40 million, before underwriting discounts. All of the common stock is being offered by the Company. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,000,050 shares of common stock to cover over-allotments, if any. The shares are expected to begin trading on the NASDAQ Global Market today under the symbol ITEK.

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