OpGen Details IPO

Following the IPO, directors and executive officers and their affiliates are expected to own 54% of outstanding capital stock.

Washington, DC 4/6/15—OpGen has disclosed in an SEC filing for its IPO (see IBO 3/15/15) that it plans to offer 3,750,000 shares of common stock at a price of $8–$10 per share. Assuming a price of $9 per share, the company expects to raise $30.5 million, or $35 million if underwriters exercise their option.

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