Biocept Announces Pricing of IPO

GlobeNewswire

February 2014

According to a press release issued on GlobeNewswire, Biocept, Inc., an oncology diagnostics company focused on improving individual patient treatment, today announced the pricing of its initial public offering of 1,900,000 shares of its common stock offered at a price to the public of $10.00 per share. The gross proceeds to Biocept from the initial public offering are expected to be $19,000,000, before underwriting discounts and commissions and other offering expenses. Biocept has granted the representative of the underwriters a 45-day option to purchase up to 285,000 additional shares of common stock to cover over-allotments, if any. The shares are expected to begin trading on the NASDAQ Capital Market under the symbol "BIOC" on February 5, 2014 and the offering is expected to close on February 10, 2014, subject to customary closing conditions. Read the complete press release here. The Biocept IPO team was led by Stradling Shareholder Hayden Trubitt.