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Ironwood Pharmaceuticals IPO Raises Less Than Expected-Says Underwriter


2/3/2010 7:02:48 AM

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Reuters -- Drug maker Ironwood Pharmaceuticals Inc (IRWD.O) initial public offering priced below the expected range, according to an underwriter, raising about 25 percent less than the company had hoped. The Cambridge, Massachusetts-based company sold 16.7 million shares for $11.25 each, raising about $187.5 million, the underwriter said.

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