Seeking Alpha

uniQure prices IPO above expectations

  • uniQure (QURE) prices a Nasdaq IPO of 5.4M shares at $17 each, above expectations for an offer of 4.6M shares at $13-15.
  • There is also a greenshoe option of 810,000 shares.
  • The gene therapy biopharmaceutical company expects to raise net proceeds of $81.9M in the offering, which is due to close on February 10.
  • Seeking Alpha author Don Dion believes that while "there's no guarantee" that uniQure's main product, Glybera, will catch on, the firm "appears to have long-term potential for success in the gene therapy field."
  • "Glybera is used to treat a subset of patients with lipoprotein lipase deficiency (LPLD), a dangerous metabolic disease," Dion writes. (PR)
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