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PTC announces pricing for IPO

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PTC Therapeutics Inc., in South Plainfield, announced today the pricing of its initial public offering of 8.37 million shares of common stock at a public offering price of $15 per share, before underwriting discounts.

In addition, PTC said the underwriters have an option for a period of 30 days to purchase up to 1.25 million additional shares of common stock from PTC at the public offering price, less the underwriting discount.  

PTC said its common stock has been approved for listing on the Nasdaq Global Select Market, and is expected to begin trading today.

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