{"id":521487,"date":"2021-08-02T16:08:16","date_gmt":"2021-08-02T20:08:16","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/rallybio-corporation-announces-closing-of-initial-public-offering-and-full-exercise-of-the-underwriters-option-to-purchase-additional-shares\/"},"modified":"2021-08-02T16:08:16","modified_gmt":"2021-08-02T20:08:16","slug":"rallybio-corporation-announces-closing-of-initial-public-offering-and-full-exercise-of-the-underwriters-option-to-purchase-additional-shares","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rallybio-corporation-announces-closing-of-initial-public-offering-and-full-exercise-of-the-underwriters-option-to-purchase-additional-shares\/","title":{"rendered":"Rallybio Corporation Announces Closing of Initial Public Offering and Full Exercise of the Underwriters\u2019 Option to Purchase Additional Shares"},"content":{"rendered":"

<\/p>\n

Rallybio Corporation Announces Closing of Initial Public Offering and Full Exercise of the Underwriters\u2019 Option to Purchase Additional Shares<\/b><\/p>\n

NEW HAVEN, Conn.–(BUSINESS WIRE<\/a>)–Rallybio<\/a> Corporation (Nasdaq: RLYB), a clinical-stage biotechnology company committed to identifying and accelerating the development of life-transforming therapies for patients with severe and rare diseases, today announced the closing of its initial public offering of 7,130,000 shares of common stock, including the exercise in full by the underwriters of their option to purchase up to 930,000 additional shares of common stock, at a public offering price of $13.00 per share.\n<\/p>\n

\nThe aggregate gross proceeds to Rallybio from the offering were approximately $92.7 million, before deducting underwriting discounts and commissions and other offering expenses.\n<\/p>\n

\nJefferies, Cowen and Evercore ISI are acting as joint book-running managers for the offering.\n<\/p>\n

\nA registration statement relating to the offering of these securities was filed with the U.S. Securities and Exchange Commission and became effective on July 28, 2021. The offering was made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained from Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone at (877) 821-7388, or by email at prospectus_department@Jefferies.com<\/a>; Cowen and Company, LLC, c\/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY, 11717, Attention: Prospectus Department, or by e-mail at PostSaleManualRequests@broadridge.com<\/a>; and Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, New York 10055, or by telephone at (888) 474-0200, or by email at ecm.prospectus@evercore.com<\/a>.\n<\/p>\n

\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\n<\/p>\n

About Rally<\/strong>bio<\/b><\/p>\n

\nRallybio is a clinical-stage biotechnology company committed to identifying and accelerating the development of life-transforming therapies for patients with severe and rare diseases. Since its launch in January 2018, Rallybio has built a portfolio of promising product candidates, which are now in development to address rare diseases in the areas of hematology, immuno-inflammation, maternal fetal health, and metabolic disorders. The Company\u2019s mission is being advanced by a team of highly experienced biopharma industry leaders with extensive research, development, and rare disease expertise. Rallybio is headquartered in New Haven, Connecticut, with an additional facility at the University of Connecticut\u2019s Technology Incubation Program in Farmington, Connecticut. For more information, please visit www.rallybio.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210802005461\/en\/<\/a><\/span><\/p>\n

Investor Contact
\n<\/b>
Steven Tuch
\n
investors@rallybio.com<\/a><\/p>\n

Media Contact
\n<\/b>
Tara DiMilia
\n
908-369-7168
\n
Tara.dimilia@tmstrat.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Connecticut<\/p>\n

INDUSTRY KEYWORDS:<\/b> Biotechnology Health Science Pharmaceutical Research<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Rallybio Corporation Announces Closing of Initial Public Offering and Full Exercise of the Underwriters\u2019 Option to Purchase Additional Shares NEW HAVEN, Conn.–(BUSINESS WIRE)–Rallybio Corporation (Nasdaq: RLYB), a clinical-stage biotechnology company committed to identifying and accelerating the development of life-transforming therapies for patients with severe and rare diseases, today announced the closing of its initial public offering of 7,130,000 shares of common stock, including the exercise in full by the underwriters of their option to purchase up to 930,000 additional shares of common stock, at a public offering price of $13.00 per share. The aggregate gross proceeds to Rallybio from the offering were approximately $92.7 million, before deducting underwriting discounts and commissions and other offering expenses. Jefferies, Cowen and Evercore ISI … <\/p>\n

Continue reading “Rallybio Corporation Announces Closing of Initial Public Offering and Full Exercise of the Underwriters\u2019 Option to Purchase Additional Shares”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-521487","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nRallybio Corporation Announces Closing of Initial Public Offering and Full Exercise of the Underwriters\u2019 Option to Purchase Additional Shares - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rallybio-corporation-announces-closing-of-initial-public-offering-and-full-exercise-of-the-underwriters-option-to-purchase-additional-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rallybio Corporation Announces Closing of Initial Public Offering and Full Exercise of the Underwriters\u2019 Option to Purchase Additional Shares - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Rallybio Corporation Announces Closing of Initial Public Offering and Full Exercise of the Underwriters\u2019 Option to Purchase Additional Shares NEW HAVEN, Conn.–(BUSINESS WIRE)–Rallybio Corporation (Nasdaq: RLYB), a clinical-stage biotechnology company committed to identifying and accelerating the development of life-transforming therapies for patients with severe and rare diseases, today announced the closing of its initial public offering of 7,130,000 shares of common stock, including the exercise in full by the underwriters of their option to purchase up to 930,000 additional shares of common stock, at a public offering price of $13.00 per share. 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