FS Development II priced its upsized IPO of 17.5 million shares at $10 each. That represents a 75 percent increase from the initial registration the SPAc filed with the SEC last month to offer 10 million units.
Shares begin trading today on the Nasdaq under FSII.
The offering is expected to close Feb. 19.
Sponsored by Foresite Capital, the SPAc is led by President and CEO Jim Tananbaum.
FS Development will target businesses in the biotechnology and life sciences sector. Read more.
