GAINESVILLE, Fla., April 3, 2014 (GLOBE NEWSWIRE) -- Applied Genetic Technologies Corporation (Nasdaq:AGTC) announced today the closing on April 1, 2014 of its initial public offering of 4,166,667 shares of its common stock at an initial public offering price of $12.00 per share, and the exercise in full by the underwriters of their option to purchase 625,000 additional shares of common stock, which closed on April 3, 2014. AGTC offered all of the shares of common stock. The aggregate net proceeds to AGTC, after underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $51.8 million.
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