Cellular Dynamics International, Inc. announced the pricing for their initial public offering for 3,846,000 shares with a price tag of US$12 per share. The company said that they expect the trading to begin by July 25. The shares will trade on The Nasdaq Global Market under the ticker "ICEL." Cellular Dynamics International, Inc. said that they have given the underwriters a 30 day option to purchase an additional 576,000 worth of shares from the company.
Cellular Dynamics International, Inc. said that they intend to use the net proceeds to fund their product development and research activities, along with marketing, sales and expansion of their sales force. The company plans to support the ongoing commercialization for its products.
J.P. Morgan Securities LLC was hired to act as the sole book-running manager for Cellular Dynamics International, Inc.'s public offering. Leerink Swann LLC and Cowen and Company, LLC were hired to act as the co-managers for the deal.
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