Press release
Keros Therapeutics Announces Pricing of Initial Public Offering of Common Stock
LEXINGTON, MA / ACCESSWIRE / April 7, 2020 / Keros Therapeutics, Inc. ("Keros") (NASDAQ:KROS), a clinical-stage biopharmaceutical company focused on the
About this update from Keros Therapeutics, Inc.
[{"type":"text","content":"LEXINGTON, MA / ACCESSWIRE / April 7, 2020 / Keros Therapeutics, Inc. (\"Keros\") (NASDAQ:KROS), a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of novel treatments for patients suffering from hematological and musculoskeletal disorders with a high unmet medical need, today announced the pricing of its initial public offering of 6,000,000 shares of common stock at a public offering price of $16.00 per share, for gross proceeds of $96.0 million, before deducting underwriting discounts and commissions and offering expenses payable by Keros. All of the shares of common stock are being offered by Keros. In addition, Keros has granted the underwriters a 30-day option to purchase up to 900,000 additional shares of common stock at the initial public offering price, less underwriting discounts and commissions. Keros' common stock is expected to begin trading on the Nasdaq Global Market on April 8, 2020 under the symbol \"KROS\". The offering is expected to close on or about April 13, 2020, subject to the satisfaction of customary closing conditions.Jefferies LLC, SVB Leerink LLC and Piper Sandler & Co. are acting as joint book-running managers for the offering. H.C. Wainwright & Co., LLC is acting as co-manager for the offering.A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission on April 7, 2020. This offering is being made only by means of a prospectus. When available, a copy of the final prospectus relating to the offering may be obtained from: Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, or by telephone at (877) 821-7388, or by e-mail at [email protected]; SVB Leerink LLC, Attention: Syndicate Department, One Federal Street, 37th Floor, Boston, MA 02110, or by telephone at 1-800-808-7525, ext. 6218, or by email at [email protected]; and Piper Sandler & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, or by telephone at 800-747-3924, or by e-mail at [email protected] press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, ...