Insys IPO prices low; Ambit and Alcobra set terms

 
• By Mandy Jackson

Insys Therapeutics priced its initial public offering at $8 per share – half of the $16 to $18 range the company revealed for its 4 million shares in mid-April – but saw a respectable boost by the end of its first trading day on 2 May to $9.50.

Insys Therapeutics priced its initial public offering at $8 per share – half of the $16 to $18 range the company revealed for its 4 million shares in mid-April – but saw a respectable boost by the end of its first trading day on 2 May to $9.50.

The IPO moved Phoenix, Arizona-based Insys from the Over-the-Counter board to the Nasdaq index, which will expose its drugs for...

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