Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

PTC Therapeutics Inc. : PTC THERAPEUTICS PRICES INITIAL PUBLIC OFFERING

06/21/2013 | 05:03am US/Eastern

SOUTH PLAINFIELD, NJ - June 20, 2013 - PTC Therapeutics, Inc. (PTC) today announced the pricing of its initial public offering of 8,372,000 shares of common stock at a public offering price of $15.00 per share, before underwriting discounts. All of the shares in the offering are being sold by PTC. In addition, the underwriters have an option for a period of 30 days to purchase up to 1,255,800 additional shares of common stock from PTC at the public offering price, less the underwriting discount. PTC's common stock has been approved for listing on the NASDAQ Global Select Market and is expected to begin trading under the ticker symbol "PTCT" on June 20, 2013.

J.P. Morgan and Credit Suisse are acting as joint book-running managers for the offering. Cowen and Company is acting as co-lead manager and Wedbush PacGrow Life Sciences as co-manager.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on June 19, 2013.

The offering is being made only by means of a prospectus, copies of which may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717; telephone: 866-803-9204; or Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, One Madison Avenue, New York, NY 10010; telephone: 800-221-1037; email: newyork.prospectus@credit-suisse.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

ABOUT PTC THERAPEUTICS, INC.

PTC is a biopharmaceutical company focused on the discovery and development of orally administered small-molecule drugs that target post-transcriptional control processes. Post-transcriptional control processes regulate the rate and timing of protein production and are of central importance to proper cellular function. PTC's internally discovered pipeline addresses multiple therapeutic areas, including rare genetic disorders and infectious diseases.

CONTACT

Jane Baj

PTC Therapeutics, Inc.

908-912-9167

jbaj@ptcbio.com

Sheryl Seapy

Pure Communications

sheryl@purecommunicationsinc.com


distributed by
React to this article
Latest news
Date Title
06:14a UK living standards lag 2010 levels as election nears - think tank
06:13a DINEEQUITY : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
06:13a ENGILITY : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-K)
06:13a COMMAND CENTER : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS (form 10-K)
06:13a RESEARCH AND MARKETS : OSS/BSS (Customer Management, Revenue Management, Service Fulfillment and Service Assurance) Market 2014 - 2020
06:12a ACTAVIS : Other Events, Financial Statements and Exhibits (form 8-K)
06:12a QEP MIDSTREAM PARTNERS : Change in Directors or Principal Officers (form 8-K)
06:12a AEROVIRONMENT : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-Q)
06:12a SUNOPTA INC. Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-K)
06:12a COPART : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-Q)
Latest news
Advertisement
Hot News 
COALFIELD RESOURCES : Coalfields ready to rebrand as it buys Harworth
HAVELOCK EUROPA : Change of Adviser
CAMBRIDGE COGNITION : Opens US Office To Meet Growing Demand In Region
CAPITAL & REGIONAL : Shares Up On Higher Profit, 46% Dividend Hike
SIERRA RUTILE : Broker Appointment
Most Read News
03/03 VOLVO : Telematics world taking off for the trucking industry
03/03 TRACE ONE : and SGS launch SGS Supply Chain powered by T Transparency
03/03 ECOPETROL : Earnings Distribution Proposal for Fiscal Year 2014
04:10a LONDON STOCK EXCHANGE : EU court annuls ECB policy on clearing houses after UK challenge
05:42a Legal & General eyes company deals as individual annuities wither
Most recommended articles
06:09aDJWARREN BUFFETT : Warren Buffett's Berkshire Hathaway Plans Debut Euro-Bond Sale
06:08aDJBrazil's Home Prices Lose Ground in February
06:01aDJOil Prices Trade in Narrow Range Ahead of Inventory Data
06:01a Target to cut thousands of jobs as seeks to cut costs by $2 billion
05:58a StanChart rules out share sale as profit plunges 25 percent
Dynamic quotes  
ON
| OFF