SAGE Therapeutics Announces Pricing Of Initial Public Offering
7/18/2014 10:58:40 AM
CAMBRIDGE, Mass.--(BUSINESS WIRE)--SAGE Therapeutics, Inc., a biopharmaceutical company developing novel medicines to treat life-threatening, rare central nervous system (CNS) disorders, today announced the pricing of its initial public offering of 5,000,000 shares of common stock at a public offering price of $18.00 per share, before underwriting discounts. All of the common stock is being offered by SAGE. In addition, SAGE has granted the underwriters a 30-day option to purchase up to an additional 750,000 shares of common stock from SAGE at the public offering price to cover over-allotments, if any. The company’s shares are expected to begin trading on the NASDAQ Global Market on Friday, July 18, 2014 under the ticker symbol “SAGE.”
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