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ARTICLE | Financial News

TopoTarget raises $64.7 million

June 23, 2007 12:08 AM UTC

TopoTarget (CSE:TOPO) raised DKK360 million ($64.7 million) through the sale of 12 million shares at DKK30 in a public offering in Denmark and a private placement to institutional investors elsewhere except the U.S. TOPO proposed to sell 12-15 million shares earlier this month, when its share price was DKK33.90. ABN AMRO Rothschild, Danske Markets and Handelsbanken were joint global coordinators and bookrunners. Additionally, TOPO issued 3.6 million new shares to the owners of Apoxis (Lausanne, Switzerland) in connection with TOPO's acquisition of the cancer and autoimmune company. ...