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Macrocure prices IPO well below the range at $10

July 30, 2014

Macrocure, an Israeli biotech developing white blood cell injections to treat hard-to-heal wounds, raised $54 million by offering 5.4 million shares (all primary) at $10, well below the range of $13 to $15. Macrocure plans to list on the NASDAQ under the symbol MCUR. Macrocure initially filed confidentially on 5/5/2014. Credit Suisse and Jefferies & Co. acted as lead managers on the deal.