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I-Mab Says Selling Shareholders to Offer 3.3 Million ADSs

· 02/08/2021 02:04

06:54 AM EST, 02/08/2021 (MT Newswires) -- I-Mab (IMAB), a clinical stage biopharmaceutical company, on Friday launched a registered underwritten public offering of 3,283,950 American Depositary Shares by selling shareholders.

Each 10 ADSs represent 23 ordinary shares of the company. I-Mab will not receive any proceeds from the public offering.

The selling shareholders granted underwriters an option to purchase up to an additional 492,590 ADSs.

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