The aggregate gross proceeds to Akero from the offering were approximately $105.8 million, before deducting underwriting discounts and commissions and other offering expenses.
SAN FRANCISCO, June 24, 2019 /PRNewswire/ -- Akero Therapeutics, Inc. (Nasdaq: AKRO), a clinical-stage biotechnology company developing transformational treatments for people with non-alcoholic steatohepatitis (NASH) and other serious metabolic disorders, today announced the closing of its initial public offering of 6,612,500 shares of common stock, including the exercise in full by the underwriters of their option to purchase up to 862,500 additional shares of common stock, at a public offering price of $16.00 per share. The aggregate gross proceeds to Akero from the offering were approximately $105.8 million, before deducting underwriting discounts and commissions and other offering expenses. All of the shares in the offering were offered by Akero. Akero’s common stock is listed on The Nasdaq Global Select Market under the ticker symbol “AKRO.” J.P. Morgan Securities LLC, Jefferies LLC and Evercore Group L.L.C. acted as joint book-running managers for the offering. Roth Capital Partners acted as lead manager for the offering. Registration statements relating to these securities have been filed with the Securities and Exchange Commission (“SEC”) and became effective on June 19, 2019. The offering was made only by means of a prospectus. Copies of the final prospectus relating to this offering may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, Attn: Prospectus Department, 1155 Long Island Avenue, Edgewood, New York 11717, via telephone at (866) 803-9204, or via email at prospectus-eq_fi@jpmchase.com; Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, New York 10022, by telephone at (877) 821-7388 or by e-mail at Prospectus_Department@Jefferies.com; or Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 36th Floor, New York, New York 10055, or by telephone at (888) 474-0200, or by email at ecm.prospectus@evercore.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 Akero Therapeutics About NASH About AKR-001
SOURCE Akero Therapeutics, Inc. | ||
Company Codes: NASDAQ-NMS:AKRO |