Publication date: 17/09/2018
Galapagos NV (Euronext & NASDAQ: GLPG) announced today the closing of its underwritten public offering of 2,961,373 American Depositary Shares ("ADSs") at a price of $116.50 per ADS, before underwriting discounts, for gross proceeds of €296.2 million. This includes the full exercise of the underwriters' option to purchase additional ADSs. All of the ADSs were offered by Galapagos.
Each of the ADSs offered represents the right to receive one ordinary share.
Galapagos' ADSs are currently listed on the Nasdaq Global Select Market under the symbol "GLPG," and Galapagos' ordinary shares are currently listed on Euronext Amsterdam and Euronext Brussels.
Morgan Stanley and Citigroup acted as joint book-running managers for the public offering. Kempen, Nomura, and Stifel acted as co-managers for the public offering.
The securities were offered pursuant to an automatically effective shelf registration statement that was previously filed with the Securities and Exchange Commission (SEC). A preliminary prospectus supplement relating to and describing the terms of the offering was filed with the SEC on 12 September 2018. The final prospectus supplement relating to the offering was filed with the SEC on 14 September 2018 and is available on the SEC's website. Copies of the final prospectus supplement and the accompanying prospectus relating to these securities may also be obtained from Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, United States, Attention: Prospectus Department, or from Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, United States, or by telephone at +1 800 831-9146.
This press release does not constitute an offer to sell nor a solicitation of an offer to buy, nor shall there be any sale of securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Galapagos (Euronext & NASDAQ: GLPG) is a clinical-stage biotechnology company specialized in the discovery and development of small molecule medicines with novel modes of action. Galapagos' pipeline comprises Phase 3 through to discovery programs in inflammation, fibrosis, cystic fibrosis, osteoarthritis and other indications. Our target discovery platform has delivered three novel mechanisms showing promising patient results in, respectively, inflammatory diseases, idiopathic pulmonary fibrosis and atopic dermatitis. Galapagos is focused on the development and commercialization of novel medicines that will improve people's lives. The Galapagos group, including fee-for-service subsidiary Fidelta, has approximately 675 employees, operating from its Mechelen, Belgium headquarters and facilities in the Netherlands, France, Switzerland, the US and Croatia.