trending Market Intelligence /marketintelligence/en/news-insights/trending/H6He12zvY_lkM7_PXVZ4YA2 content esgSubNav
In This List

Ablynx plans $175M global ordinary shares offering

Blog

Insight Weekly: Energy crisis cripples Europe; i-bank incomes rise; US holiday sales outlook

Blog

Japan M&A By the Numbers: Q3 2022

Blog

Insight Weekly: Reviving nuclear power; 2023 outlook for US financials; PE funds fuel EV sector

Blog

Insight Weekly: Energy reforms after midterms; Crisis ends 'age of gas'; bank deposits fall


Ablynx plans $175M global ordinary shares offering

Ablynx NV is selling about $175 million of its ordinary shares in a global offering.

As part of the global offering, Ablynx will conduct an underwritten public offering of American depositary shares in U.S. and Canada. Each ADS is convertible into one Ablynx ordinary share.

Concurrently, the company will facilitate a private placement of its ordinary shares for its investors in Europe and other countries outside of the U.S. and Canada.

For both transactions, the company expects to grant the underwriters an option to buy up to an additional 15% of the ordinary shares and ADSs offered.

BofA Merrill Lynch, J.P. Morgan and Jefferies are acting as joint book-running managers for the offering, with Baird Bryan Garnier & Co. and Ladenburg Thalmann as co-managers.