AUSTIN, Texas, April 12, 2016 (GLOBE NEWSWIRE) -- Aeglea BioTherapeutics, Inc. (NASDAQ:AGLE), a biotechnology company committed to developing enzyme-based therapeutics in the field of amino acid metabolism to treat inborn errors of metabolism and cancer, today announced the closing of its initial public offering of 5,481,940 shares of its common stock at an initial public offering price of $10.00 per share, which includes the partial exercise by the underwriters of their option to purchase an additional 481,940 shares of common stock. The shares began trading on The NASDAQ Global Market on April 7, 2016 under the symbol “AGLE.” The net proceeds to Aeglea BioTherapeutics, Inc. from the sale of the shares in the offering are estimated to be approximately $47.1 million, after deducting underwriting discounts and commissions and estimated offering expenses.
UBS Investment Bank, BMO Capital Markets and Wells Fargo Securities are acting as joint book-running managers for the offering. Needham & Company is acting as co-manager.
A registration statement relating to these securities was filed with the Securities and Exchange Commission and declared effective on April 6, 2016. The offering is being made only by means of a prospectus, copies of which may be obtained from the offices of UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, or by telephone: (888) 827-7275; BMO Capital Markets Corp., 3 Times Square, New York, NY 10036, Attention: Equity Syndicate Department, or by telephone: (800) 414-3627, or by email: bmoprospectus@bmo.com; or Wells Fargo Securities, LLC, 375 Park Avenue, New York, NY 10152, Attention: Equity Syndicate Department, or by telephone: (800) 326-5897, or by email at cmclientsupport@wellsfargo.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.