Mintz Levin Serves as Counsel to Coley Pharmaceutical Group in its IPO and Concurrent Private Placement with Pfizer Inc.
8/17/2005
Boston, MA - Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, PC announced that it served as counsel to Wellesley, MA-based Coley Pharmaceutical Group, Inc. (NASDAQ: COLY) in its initial public offering and a concurrent private placement with Pfizer Inc.
Coley's IPO consisted of 6,900,000 shares of common stock at a price of $16.00 per share, which included 900,000 shares issued upon exercise of the underwriters' over- allotment option. In a separate private placement, an additional 625,000 shares were purchased by Coley's collaboration partner, Pfizer, Inc., at $16.00 per share. Total proceeds from the IPO and private placement were $120.4 million, before commissions and expenses, with net proceeds at approximately $111.0 million.
Boston-based Mintz Levin attorneys William Whelan, Megan Gates, Christopher Denn, Linda Bentley, Michael Harrington, James Chicoski, Wendy Silverman, Marianne Staniunas and Linda Rockett represented Coley Pharmaceuticals in the transaction.
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, PC is a multidisciplinary law firm with over 450 attorneys and senior professionals in Boston, Washington D.C., Reston, VA, New York, Stamford, CT, Los Angeles and London.
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