BioAmber announces pricing of IPO
Sustainable chemical company BioAmber has announced the pricing of its initial public offering of 8,000,000 units consisting of one share of common stock and one warrant to purchase half of one share of common stock at $10 (€7.60) per unit, before underwriting discounts and commissions.
Each warrant will be at an exercise price of $11 per whole share of common stock. All units are being sold by BioAmber.
The company has granted the underwriters an option for 30 days to purchase up to an additional 1,200,000 units at the initial public offering price, less underwriting discounts and commissions, to cover overallotments, if any.
This offering is expected to close on 14 May 2013.