Plymouth Meeting-based Harmony Biosciences Holdings, Inc., a pharmaceutical company dedicated to developing and commercializing innovative therapies for patients living with rare neurological disorders who have unmet medical needs, announced yesterday that the pricing of its upsized initial public offering of 5,348,837 shares of common stock at a price to the public of $24.00 per share.
From the announcement:
The gross proceeds of the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Harmony, are expected to be $128.4 million. In addition, Harmony has granted the underwriters a 30-day option to purchase up to an additional 802,325 shares of common stock at the initial public offering price, less underwriting discounts and commissions. All of the shares are being offered by Harmony.
The shares are expected to begin trading on the Nasdaq Global Market under the ticker symbol “HRMY” starting August 19th. The offering is expected to close on August 21st.