AVEO Pharmaceuticals, Inc. Announces Closing and Exercise of Over-Allotment Option for Recent Public Offering

CAMBRIDGE, Mass.--(BUSINESS WIRE)--AVEO Pharmaceuticals, Inc. (NASDAQ: AVEO) today announced that it has closed its previously announced underwritten public offering of common stock. The total number of shares sold was 6,352,119, comprised of 5,750,000 shares of common stock initially offered and an additional 602,119 shares of common stock sold pursuant to the underwriters’ exercise of their over-allotment option. Net proceeds are approximately $104.3 million, after deducting underwriting discounts and commissions and transactional fees, at a price of $17.50 per share to the public.

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