BioAmber announces pricing of IPO

By BioAmber Inc. | May 10, 2013

BioAmber Inc. has announced the pricing of its initial public offering of 8,000,000 units consisting of one share of common stock and one warrant to purchase half of one share of common stock at $10 per unit, before underwriting discounts and commissions. Each warrant will be exercisable at an exercise price of $11.00 per whole share of common stock. All units are being sold by BioAmber.

BioAmber has granted the underwriters an option for 30 days to purchase up to an additional 1,200,000 units at the initial public offering price, less underwriting discounts and commissions, to cover overallotments, if any. The units are expected to start trading on the New York Stock Exchange under the symbol “BIOAU” on May 10, 2013. The common stock and warrants comprising the units will begin trading separately on NYSE under the symbols “BIOA” and “BIOAWS”, respectively, on the first trading day following the expiration of the underwriters’ 30- day over-allotment option, at which time trading of the units will be suspended and the units will be delisted. BioAmber also intends to list its common stock on the Professional Segment of the regulated market of NYSE Euronext in Paris under the symbol “BIOA.” This offering is expected to close on May 14, 2013.

Credit Suisse, Barclays and Société Générale are acting as joint book-running managers for the offering. Pacific Crest Securities is acting as co-manager for the offering.

A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission on May 9, 2013. 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.