Antigenics Prices $62 Million Public Offering of Common Stock.Business Editors & Health/Medical Writers BIOWIRE2K NEW YORK--(BUSINESS WIRE)--Jan. 23, 2003 Antigenics Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AGEN) announced today that it has agreed to sell 6.25 million shares of its common stock. The total public offering price is approximately $62 million. Of the 6.25 million shares, 3.45 million shares are being sold to an underwriting syndicate Underwriting syndicate A group of investment banks that work together to sell new security offerings to investors. The underwriting syndicate is led by the lead underwriter. See also: Lead underwriter. underwriting syndicate See syndicate. managed by UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System Warburg LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Needham & Company, Inc., Morgan Keegan & Company, Inc. and Ryan Beck & Co., and 2.8 million shares are being sold directly by the company to an existing shareholder. In addition, the underwriters have an option to purchase up to 517,500 shares to cover over-allotments. The offering is being made under effective registration statements. The sales are subject to closing conditions. UBS Warburg LLC is acting as the lead underwriter Lead underwriter The head of a syndicate of financial firms that are sponsoring an initial public offering of securities or a secondary offering of securities. Could also apply to bond issues. for the underwritten component. Antigenics develops products to treat cancers, infectious diseases and autoimmune disorders. This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities. This offering of shares of common stock may be made only by means of a prospectus, a copy of which will be available from UBS Warburg LLC, 229 Park Avenue, New York, New York 10171. |
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