Dermira Prices Follow-On Public Offering of Common Stock
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Guggenheim Raises Price Target on Dermira (DERM) to $40 After Announced Pricing of Follow-On Public Offering
August 7, 2015 6:47 AM EDTGuggenheim reiterated a Buy rating on Dermira (NASDAQ: DERM), and raised the price target to $40.00 (from $22.00), after announced pricing of a follow-on public offering that generated $96.75MM of gross proceeds. Analyst Louise Chen estimated that this could generate an additional $14.5MM in gross proceeds ($13.6MM, net, assuming $21.50 per share).
Chen commented, "On August 5, DERM announced the pricing of a... More
Dermira (DERM) Prices 4.5M Common Stock Follow-on at $21.50/Share
August 6, 2015 7:39 AM EDTDermira (NASDAQ: DERM) announced the pricing of its follow-on public offering of 4,500,000 shares of its common stock at a price to the public of $21.50 per share. In addition, Dermira has granted the underwriters a 30-day option to purchase up to an additional... More
