Pryor Cashman represented Boustead Securities, LLC, China Renaissance Securities (HK) Limited and AMTD Global Markets Limited as underwriters' counsel in the initial public offering of Class A Ordinary Shares by Aptorum Group Limited (NasdaqGM: APM), a Cayman Islands exempted company.
In the IPO, which closed on December 17, 2018, Aptorum raised approximately $12 million through the sale of more than 760,000 Class A Ordinary Shares at a public offering price of $15.80 per share.
Aptorum is a Hong Kong based pre-clinical pharmaceutical company dedicated to developing and commercializing a broad range of therapeutic and diagnostic technologies to tackle unmet medical needs.
Representing the co-underwriters were Partners Elizabeth Chen and Stephen Goodman, and Counsel Michael Campoli, all members of Pryor Cashman's nationally-ranked Corporate Group. Chen is also chair of the firm's China practice.
A closing bell ringing ceremony will be held on December 18th at the Nasdaq Market Site at Times Square, where members of the Pryor Cashman team will join the celebration with the underwriters and management of Aptorum.
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