Brief: Polyphor AG says increases size of IPO due to strong demand

Spexis AG

11/05/2018 06:09

May 11 (Reuters) - Polyphor AG  POLN.S :
    * ANNOUNCES NARROWED PRICE RANGE AND UPSIZING OF THE IPO
    * SAYS ANNOUNCED A NARROWED PRICE RANGE OF CHF 35 TO CHF 38
PER
SHARE (PREVIOUSLY CHF 30.00 TO CHF 40.00)
    * SAYS DUE TO STRONG DEMAND, POLYPHOR DECIDED TO INCREASE
THE
UPSIZE OPTION FROM CHF 40 MILLION TO CHF 55 MILLION, TARGETING
TO RAISE TOTAL GROSS PROCEEDS OF UP TO CHF 165 MILLION
    * SAYS ADDITIONAL PROCEEDS WILL PRIMARILY BE USED TO ENSURE
FULL
FUNDING OF THE CONTINUED DEVELOPMENT OF POLYPHOR'S PRECLINICAL
OMPTA PROGRAM AS WELL AS GENERAL CORPORATE PURPOSES
    * SAYS BOOKBUILDING PROCESS IS EXPECTED TO END ON 14 MAY
2018
    * SAYS FINAL OFFER PRICE AND THE FINAL NUMBER OF OFFERED
SHARES
SOLD IS EXPECTED TO BE PUBLISHED ON 15 MAY 2018, PRIOR TO THE
START OF TRADING ON SIX SWISS EXCHANGE
    * SAYS EXPECTS THAT TRADING IN THE SHARES WILL START ON 15
MAY
2018

Source text for Eikon:  ID: 
Further company coverage:  POLN.S 

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