News
14 Feb 2011
AcelRx Declines Short in $40M IPO
AcelRx expected $40 million in gross proceeds from its IPO. But the company managed the garner just $5 per share.
Pain treatment developer AcelRx Pharmaceuticals aimed high but fell short. The Redwood City, CA-based devloper had hoped to raise $86 million in an initial offering of 8 million shares at $12 to $14 per share. But the company managed the garner just $5 per share for a total $40 million in funding.
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