11.01.19

Oyster Point Pharma Announces Pricing of Initial Public Offering

Source: Oyster Point Pharma

Oyster Point Pharma announced the pricing of its initial public offering of 5,000,000 shares of its common stock at a price to the public of $16.00 per share. The shares began trading on The Nasdaq Global Select Market on October 31, 2019 under the symbol “OYST.” All of the shares are being offered by Oyster Point Pharma. 

The gross proceeds to Oyster Point Pharma from the offering, before deducting underwriting discounts and commissions and estimated offering expenses to be payable by Oyster Point Pharma, are expected to be $80 million. The offering is expected to close on November 4, 2019, subject to customary closing conditions. In addition, the underwriters have a 30-day option to purchase up to 750,000 additional shares of common stock at the initial public offering price less underwriting discounts and commissions.

J.P. Morgan Securities LLC, Cowen and Company, LLC and Piper Jaffray & Co. are acting as joint book-running managers for the offering.

 

 

 

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