Ironwood Pharmaceuticals, Inc. (IRWD) said Tuesday that it has priced an underwritten public offering of 10.5 million shares of its Class A common stock at a price of $13.00 per share to the public.
The gross proceeds to Ironwood from this offering are expected to be about $136.5 million, before deducting underwriting discounts and commissions, and other estimated offering expenses payable by Ironwood.
The offering is expected to close on May 24.
The company plans to use the net proceeds from the offering to support the commercial launch of LINZESS in the U.S. and to fund additional linaclotide development opportunities to strengthen the clinical profile of LINZESS and expand the product label into additional populations and indications, as well as advance other research and development programs in its pipeline, in addition to general business operations.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.