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Industry: Email Alert RSS FeedParadigm Genetics' Underwriters Buy More Shares
BT Catalyst, June, 2000
The underwriters of the recent initial public offering of Paradigm Genetics Inc. of Research Triangle Park have exercised an over-allotment option and purchased an additional 750,000 shares of Paradigm stock at $7.00 per share.
The initial public offering and the sale of the over-allotment shares brought the total of shares of common stock offered and sold to 6,750,000. The total gross proceeds of the offering totaled $47.2 million.
The underwriter group was led by Chase H&Q of New York. J.P Morgan of New York, Pacific Growth Equities of San Francisco and Stephens Inc. of Little Rock, Arkansas, acted as co-managers.
COPYRIGHT 2000 North Carolina Biotechnology Center
COPYRIGHT 2008 Gale, Cengage Learning
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