Cempra, Inc. (CEMP) said it priced its initial public offering of 8.4 million shares of its common stock at a price to the public of $6.00 per share. Cempra also has granted the underwriters a 30-day option to purchase up to an additional 1.26 million shares to cover over-allotments, if any.
Shares of Cempra's common stock will trade on the NASDAQ Global Market under the symbol "CEMP" beginning on February 3, 2012. The closing of the offering is expected to occur on February 8, 2012.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.