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Ophthotech nets $155.5mm through its IPO

Executive Summary

Ophthotech Corp. (focused on back-of-the-eye diseases) netted $155.5mm through its initial public offering of 7.6mm shares at $22, well above the latest prediction of $19-20 apiece. (Last month the company announced it planned to sell 5.7mm shares between $16-19.) Two of Ophthotech’s existing principal shareholders bought a total of 683k shares.
Deal Industry
  • Biotechnology
    • Large Molecule
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • IPO

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