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Rain Therapeutics Announces Pricing of Initial Public Offering
April 22, 2021 19:03 ET | Source: Rain Therapeutics Inc Rain Therapeutics Inc Newark, California, UNITED STATES
NEWARK, Calif., April 22, 2021 (GLOBE NEWSWIRE) Rain Therapeutics Inc. (“Rain”), a clinical-stage company developing precision oncology therapeutics, today announced the pricing of its initial public offering of 7,352,941 shares of common stock at a public offering price of $17.00 per share. The gross proceeds to Rain from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Rain, are expected to be approximately $125.0 million. All of the shares are being offered by Rain. The shares are expected to begin trading on The Nasdaq Global Select Market on April 23, 2021 under the ticker symbol “RAIN.” In addition, Rain has granted the underwriters a 30-day option to purchase up to an addition