Tokai Pharmaceuticals Announces Closing Of Initial Public Offering

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Tokai Pharmaceuticals, Inc. (NASDAQ: TKAI), a clinical-stage biopharmaceutical company focused on developing novel therapies for prostate cancer and other hormonally-driven diseases, today announced the closing of its initial public offering of 6,480,000 shares of its common stock at an initial public offering price of $15.00 per share, resulting in gross proceeds of $97.2 million, before underwriting discounts and commissions. All of the shares in the offering were sold by Tokai. The company's common stock is listed on The NASDAQ Global Market under the symbol "TKAI."

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