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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