Acacia Pharma Group plc raises 40 million euros through successful Initial Global Offering
Friday, March 2, 2018 — Degroof Petercam successfully completed the Initial Global Offering (IGO) of Acacia Pharma at Euronext Brussels. For this transaction, consisting of a private placement followed by the admission onto the regulated market, Degroof Petercam acted as Joint Global Coordinator and Bookrunner. In total, EUR 40 million was raised at EUR 3.60 per share, resulting in a market capitalization of EUR 190 million. Degroof Petercam proved its capacity to generate substantial demand from both local and international institutional investors within its network and solely ensured the full placement.
Acacia Pharma is a British hospital pharmaceutical group which is also active on the American market. The company is focused on the development and commercialization of new nausea & vomiting treatments for surgical and cancer patients.
The admission of Acacia onto Euronext Brussels was the first one in 2018. "The successful IGO of Acacia Pharma is a fine example of Degroof Petercam's internationally renowned expertise in the domain of life sciences. Moreover, the transaction also acknowledges our efforts to put forward Euronext as the reference market for European life sciences companies, including British ones ", François Wohrer, head of Investment Banking at Degroof Petercam, explains.
Please find more information in Acacia Pharma’s press release : http://acaciapharma.com/uploads/default/restricted/Acacia_Pharma_-_Pricing_-_02032018_-_vF.pdf
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