QualityStocksNewsBreaks – Genenta Science S.p.A. (NASDAQ: GNTA) Announces Completion of $36 Million IPO
Genenta Science (NASDAQ: GNTA), a clinical-stage biotechnology company pioneering the development of hematopoietic stem progenitor cell immuno-gene therapy for solid tumors, including the lead product candidate, Temferon(TM), has closed on its upsized initial public offering. The offering was comprised of 2.4 million American Depositary Shares, or ADSs, with each one representing one ordinary share, offered at a public price of $11.50 per share. In addition, Genenta also sold 720,114 ordinary shares reserved for subscription; those were purchased by existing shareholders for $11.50 per share. According to the announcement, gross proceeds from the IPO reached approximately $36 million before typical deductions.…
