Rigel Pharmaceuticals, Inc. Pockets $130 Million in Financing, Seeks To Pick up Pfizer Inc.'s Ball and Run With it
Published: May 31, 2011
Rigel (NASDAQ: RIGL) said today it has raised a cool $130.4 million through a stock offering of 16.3 million new shares at $8 apiece. There appears to have been strong demand to get into Rigel, as the company only offered the new investors a relatively slim 5.7 percent discount from yesterday’s closing market price of $8.49. Jefferies & Co. and JP Morgan Securities led the offering, and Piper Jaffray & Co. was the co-manager.