Structure Therapeutics Announces Closing of Upsized Public Offering and Full Exercise of the Underwriters’ Option to Purchase Additional American Depositary Shares
Structure Therapeutics Inc. (GPCR)
Company Research
Source: GlobeNewswire
SAN FRANCISCO, June 07, 2024 (GLOBE NEWSWIRE) -- Structure Therapeutics Inc. (NASDAQ: GPCR), a clinical-stage global biopharmaceutical company developing novel oral small molecule therapeutics for metabolic and cardiopulmonary diseases, today announced the closing of its previously announced upsized underwritten public offering of 10,427,017 American depositary shares (ADSs), each representing three ordinary shares, including the full exercise of the underwriters’ option to purchase up to 1,360,045 additional ADSs, at a public offering price of $52.50 per ADS. The aggregate gross proceeds to Structure Therapeutics from the offering were approximately $547.4 million, before deducting underwriting discounts and commissions and offering expenses. All of the ADSs were offered by Structure Therapeutics. Goldman Sachs & Co. LLC, Morgan Stanley, Jefferies, Leerink Partners, Guggenheim Securities and BMO Capital Markets acted as joint book-running managers for the offering. Registration
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News
- Weight Loss Drugs: A Game Changer in the Fight Against Obesity - New InsightAce Analytic Report InvestigatesPR Newswire
- Weight Loss Drugs: A Game Changer in the Fight Against Obesity - New InsightAce Analytic Report InvestigatesPR Newswire
- Structure Therapeutics Inc. (NASDAQ: GPCR) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $65.00 price target on the stock.MarketBeat
- Structure Therapeutics (GPCR) Rallying on Obesity Drug Data [Yahoo! Finance]Yahoo! Finance
- Structure Therapeutics Inc. (NASDAQ: GPCR) had its price target raised by analysts at BMO Capital Markets from $83.00 to $100.00. They now have an "outperform" rating on the stock.MarketBeat
GPCR
Sec Filings
- 6/14/24 - Form 4
- 6/13/24 - Form 3
- 6/12/24 - Form 4
- GPCR's page on the SEC website