Replies to post #1792 on Elbit Imaging Ltd (EMITF)

[midastouch017]

The amount intended was indeed achieved, however the amount of shares sold was close to 7 million instead of the ~4 as originally planned. The meaning is the valuation of GMDA decreased! Small wonder considering the markets turmoil.

[midastouch017]

Gamida Cell Ltd. (NASDAQ:GMDA) was up $0.44 to $8.44 Friday after raising $50 million in an IPO in which the Israeli cell therapy company sold more shares than proposed but at a lower price point.
Gamida sold 6.3 million shares at $8, for a valuation of $169 million. On Oct. 17, the biotech proposed to sell 3.6 million shares at $13-$15. At the midpoint, Gamida would have raised $50 million with a valuation of $258.8 million.