other material
confidence high
sentiment neutral
materiality 0.65
Travere Therapeutics prices $125M public offering of 7.8M shares at $16.00/share
Travere Therapeutics, Inc.
- Priced 7,812,500 shares at $16.00 per share; gross proceeds of $125.0M.
- Net proceeds expected ~$117.0M after underwriting discounts and expenses.
- Underwriters have 30-day option to purchase up to 1,171,875 additional shares.
- Closing expected November 12, 2024; Jefferies and Leerink Partners are joint book-runners.
- Proceeds for general corporate purposes including commercialization and R&D.