Updated May. 4, 2014 at 5:48 a.m.

Premium Lock A faltering IPO for Scynexis: Shares don't 'pop' but shrink 10%

Published: 2014-05-02 10:30:00
Updated: 2014-05-04 05:48:34


Scynexis has successfullly priced its shares at $10 for a $62 million IPO, and trading began today. There was no "pop," however. But the IPO occured only after Scynexis management executed a reverse stock split, substantially lowered the options price for some shares, and struck a new credit deal with Sanofi. Trading did not begin Thursday, however....

Read More
Read More

WRAL TechWire any time: Twitter, Facebook

Copyright 2017 WRAL TechWire. All rights reserved.
Editor's Blog

Editor's Blog

The latest blog posts from our WRAL TechWire and WRAL editors. Read more articles…

Please Log In to add a comment.

Latest for Insiders