News & Events
Ironwood Pharmaceuticals IPO Update:
UNDERWRITERS EXERCISE OVER-ALLOTMENT OPTION FOR IRONWOOD
PHARMACEUTICALS’ INITIAL PUBLIC OFFERING
CAMBRIDGE, Mass., February 16, 2010—Ironwood Pharmaceuticals, Inc. (NASDAQ: IRWD) today announced that the underwriters of its February 2, 2010 initial public offering (IPO) have exercised their over‐allotment option in full on an additional 2.5 million shares of Ironwood’s Class A common stock. With the completion of the IPO and the exercise of the over‐allotment option, Ironwood has approximately 97.4 million shares of common stock outstanding (approximately 19.2 million shares of Class A common stock and 78.2 million shares of Class B common stock). On a fully diluted basis, Ironwood has approximately 119.8 million shares of common stock outstanding, including 22.4 million shares available for issuance under outstanding options or for future grants under Ironwoodʹs existing equity plans.
Including proceeds from the exercise of the over‐allotment option, net proceeds to Ironwood from the initial public offering are $203 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by Ironwood. Following the initial public offering, Ironwood has $320 million cash on hand. Ironwood intends to utilize these cash resources to develop and commercialize linaclotide in the U.S. with its partner Forest Laboratories, to invest in additional research and development efforts, and for general corporate purposes.
Full press release
DATAllegro Acquired By Microsoft
Thursday, July 24, 2008
Aliso Viejo-based DATAllegro, which develops data warehouse appliances, has been acquired by Microsoft, the two firms said today. Financial terms of the deal were not disclosed. According to Microsoft, it will retain most of DATAllegro's team in Aliso Viejo, where it will create a "Center of Excellence" for data warehousing. DATAllegro was venture backed by Adams Capital Management, Focus Ventures, Intel Capital, JAFCO American Ventures, Palomar Ventures, The Hillman Company, and Venrock Associates. The firm last raised a round of funding in May worth $19.6M, which brought its total raised to $63.1M since its founding in 2004.
Online Ad Network Adify Sold To Cox For $300 Million Plus Earnout
Rafat Ali, paidContent.org Tuesday, April 29, 2008
Adify, the white-label online ad network, has been sold to an unlikely buyer, CoxCommunicationsEnterprises, for about $300 million and earn out, we have learned and confirmed from sources. The San Bruno, CA based startup was out looking for funding, and had been getting some offers on the acquisition and decided to go with them. Investors in the company included Peacock Equity, the venture investment arm of NBC Universal (NYSE: GE), US Venture Partners, Venrock and Time Warner (NYSE: TWX) Investments...it had raised a total of $27 million in funding in two rounds
Apple Snags PA Semi
23 April 2008, by Scott Martin
Apple is getting into the chips business with the purchase of PA Semi, according to a report. The Cupertino, California, company on Tuesday told Forbes.com that it had agreed to acquire the 150-person chip designer based in Santa Clara, California.
Formed in 2003, PA Semi is venture backed by Highland Capital Partners, Bessemer Venture Partners, and Venrock.
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