Seeking Alpha

Regado Biosciences closes its IPO

  • Regado Biosciences (RGDO +0.2%) announces the closing of its 10.75M share IPO.
  • The offering came at $4 per share, resulting in gross proceeds of $43M.
  • Its debut was marred by a day of technical glitches that forced the closure of the Nasdaq exchange.
  • The stock opened 25% higher, but trading was halted mid-day with just 223K shares changing hands.
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