Microcap biotech Benitec Biopharma decreases proposed IPO deal size to $15 million - (NASDAQ via NewsPoints Desk)

  • Benitec Biopharma reduced the size of its proposed initial public offering (IPO), with the company now expecting to raise $15 million by offering 2 million shares at $10 per share, as reported NASDAQ Thursday.
  • The drugmaker previously unveiled plans to offer 2 million shares at $13.55 per share.
  • Under the revised IPO, Benitec will raise about 41 percent fewer proceeds than initially expected.

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