Prosensa Holding Closes IPO Of 6.90 Mln Shares At Price Of $13/shr

(RTTNews) - Prosensa Holding (RNA) announced the closing of its initial public offering of 6.90 million of its ordinary shares at a price of $13.00 per share, including an additional 900,000 ordinary shares pursuant to the exercise of the over-allotment option by the underwriters.

The ordinary shares began trading on the Nasdaq Global Market on June 28, 2013 under the symbol "RNA".

Prosensa noted that it intends to use the proceeds from the offering to fund its current DMD development portfolio, its early-stage DMD discovery work and DMD-support projects, to fund other non-DMD projects and for working capital and general corporate purposes.