Aileron Therapeutics (ALRN) IPO Opens Lower

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Go back to Aileron Therapeutics (ALRN) IPO Opens Lower

Aileron Therapeutics Announces Pricing of Initial Public Offering

June 28, 2017 10:06 PM EDT

CAMBRIDGE, Mass., June 28, 2017 (GLOBE NEWSWIRE) -- Aileron Therapeutics, Inc., a clinical-stage biopharmaceutical company developing a novel class of therapeutics called stapled peptides for cancers and other diseases, today announced the pricing of its initial public offering of 3,750,000 shares of common stock at a public offering price of $15.00 per share, before underwriting discounts and commissions. All of the shares are being offered by Aileron. In addition, Aileron has granted the underwriters a 30-day option to purchase up to an additional 562,500 shares of common stock from the company at the public offering price. Ailerons common stock is... More