Biohaven Announces Pricing of Initial Public Offering of Common Shares

Thursday, May 4, 2017 General News
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NEW HAVEN, Conn., May 4, 2017 /PRNewswire/ -- Biohaven Pharmaceutical Holding Company Ltd. (NYSE: BHVN) today

announced the pricing of its initial public offering of 9,900,000 of its common shares at an initial public offering price of $17.00 per share.  In addition, Biohaven has granted the underwriters a 30-day option to purchase
up to an additional 1,485,000 common shares at the initial public offering price, less underwriting discounts and commissions.  The shares are expected to begin trading on the New York Stock Exchange on May 4, 2017 under the ticker symbol "BHVN." 

The offering is expected to close on May 9, 2017, subject to customary closing conditions.

Morgan Stanley, Piper Jaffray & Co. and Barclays Capital Inc. are acting as joint book-running managers for the proposed offering. William Blair & Company, L.L.C. is acting as lead manager.  Needham & Company, LLC is acting as co-manager.

The offering will be made only by means of a prospectus.  When available, copies of the final prospectus related to the offering may be obtained from the offices of Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; or from Piper Jaffray & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, or by telephone at (800) 747-3924, or by email at prospectus@pjc.com; or from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: (888) 603-5847, e-mail: Barclaysprospectus@broadridge.com.

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission (the "SEC"). Copies of the registration statement can be accessed through the SEC's website at www.sec.gov. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Biohaven

Biohaven is a clinical-stage biopharmaceutical company with a portfolio of innovative, late-stage product candidates targeting neurological diseases, including rare disorders. Biohaven has licensed intellectual property from companies and institutions including Bristol-Myers Squibb Company, AstraZeneca AB, Yale University, Catalent, ALS Biopharma LLC and Massachusetts General Hospital.  Biohaven is a company organized under the laws of the British Virgin Islands and its United States operations are based in New Haven, Connecticut.

Contact

Dr. Vlad CoricChief Executive OfficerBiohaven Pharmaceutical Holding Company Ltd.Phone: (203) 404-0410Email: vlad.coric@biohavenpharma.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/biohaven-announces-pricing-of-initial-public-offering-of-common-shares-300451517.html

SOURCE Biohaven Pharmaceutical Holding Company Ltd.



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