Jun 2017
Joint Bookrunner
€ 26.1 million
Accelerated Bookbuild Offering
Mithra
June 2017 - € 26,148,990
- Placement of 3,112,975 new shares, representing c.10% of Mithra’s pre-deal outstanding share capital
- Issue price of €8.40 per share resulting in gross proceeds of c.€26.1 million
- An accelerated bookbuild offering was launched before markets opened and generated strong demand from international and local Life Sciences specialist as well as generalist investors, resulting in a well-covered order book
- Transaction proceeds will be used to continue the clinical development of the company’s Estetrol-based products Estelle and Donesta, to fund the development of its generic contraceptive up to commercialization and to fund the scaling-up of the company’s product development and product platform