Today's IPO for Graybug Vision Inc. (NASDAQ: GRAY) opened for trading at $19 after pricing 5,625,000 shares of common stock at a public offering price of $16.00 per share.
In addition, Graybug has granted the underwriters a 30-day option to purchase up to an additional 843,750 shares of common stock at the initial public offering price, less underwriting discounts and commissions
SVB Leerink and Piper Sandler are acting as joint bookrunning managers for the offering. Needham & Company and Wedbush PacGrow are acting as passive bookrunners for the offering.