Alector prices IPO at $19

|About: Alector, Inc. (ALEC)|By:, SA News Editor

Alector (NASDAQ:ALEC) prices its IPO of 9.25M shares of common stock at $19.00/share, for expected gross proceeds of $176M.

Underwriters over-allotment is an additional 1,387,500 shares.

Trading is expected to begin on Nasdaq on February 7, under the ticker symbol “ALEC.”

Closing date is February 11.

Previously: Alector sets terms for $177M IPO (Jan. 30)

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