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Insys seeks fast cash, Nasdaq listing with IPO

 
• By Mandy Jackson

Insys Therapeutics intends to raise up to $82.8 million in an initial public offering of 4 million shares priced at $16 to $18 each plus the sale of additional shares to meet overallotments; the IPO would move the Phoenix, Arizona-based company to the Nasdaq from the Over-the-Counter market to generate much needed cash from a larger pool of investors.

Insys Therapeutics intends to raise up to $82.8 million in an initial public offering of 4 million shares priced at $16 to $18 each plus the sale of additional shares to meet overallotments; the IPO would move the Phoenix, Arizona-based company to the Nasdaq from the Over-the-Counter market to generate much needed cash from a larger pool of investors.

Insys, which focuses on cancer supportive care and other products, closed at $11.99 per share on 19 April on the...

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