Alpharetta, Georgia-based Clearside Biomedical Inc, which focuses on treating eye diseases, has priced 7.2 million shares of its IPO at $7 per share. The stock began trading June 2 on the NASDAQ under the ticker symbol “CLSD.” Cowen and Company and Stifel are serving as lead underwriters. Clearside’s backers include Aju IB Investment, Cormorant Asset Management, Perceptive Advisors and Rock Springs Capital Management.
ALPHARETTA, Ga., June 01, 2016 (GLOBE NEWSWIRE) — Clearside Biomedical, Inc. (NASDAQ:CLSD), a late-stage clinical biopharmaceutical company developing first-in-class drug therapies to treat blinding diseases of the eye, today announced the pricing of its initial public offering of 7,200,000 shares of its common stock at a public offering price of $7.00 per share. In addition, Clearside has granted the underwriters a 30-day option to purchase up to an additional 1,080,000 shares of common stock at the public offering price, less underwriting discounts and commissions. The shares are scheduled to begin trading on the NASDAQ Global Market on June 2, 2016 under the ticker symbol “CLSD.” All of the common stock is being offered by Clearside.
The offering is expected to close on June 7, 2016, subject to customary closing conditions.
Cowen and Company and Stifel are serving as joint book-running managers for the offering. Needham & Company and Wedbush PacGrow are serving as co-managers.
A registration statement relating to the securities being sold in this offering was declared effective by the Securities and Exchange Commission on June 1, 2016. This offering is being made only by means of a prospectus. A copy of the final prospectus can be obtained, when available, from Cowen and Company, LLC, c/o Broadridge Financial Services, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (631) 274-2806 or by fax at (631) 254-7140 or from Stifel, Nicolaus & Company, Incorporated, One Montgomery Street, Suite 3700, San Francisco, California 94104, Attn: Syndicate, by telephone at (415) 364-2720 or by email at email@example.com.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Clearside Biomedical, Inc.
Clearside Biomedical, Inc., headquartered in Alpharetta, GA, is a late-stage clinical biopharmaceutical company developing innovative first-in-class drug therapies to treat blinding diseases of the eye using Clearside’s proprietary suprachoroidal space (SCS™) microinjector to reach diseased tissue through the suprachoroidal space. Clearside holds intellectual property protecting the delivery of drugs of any type through the suprachoroidal space to reach the back of the eye.