October 30, 2015 8:34am


 

Mesoblast Limited (ASX: MSB, USOTC: MBLTY) announced today that it plans to conduct a registered initial public offering in the United States under the symbol - MESO.

 

The Bottom Line: Mesoblast  commences an offering of 5.74 M shares and 28.7 M ADR shares under the symbol - MESO .

Bankers: JPM, Maxim and Ladenburg

USOTC: MBLTY <the ADR> closed at $12.33 on 11/30

 

Mesoblast has also <from 7/1/15> changed its reporting currency to United States (U.S.) dollars from Australian dollars. This change is in line with the company progressively increasing its proportion of operational expenditure denominated in U.S. dollars resulting from P3 programs currently recruiting across North America. This currency change was communicated on 17 August in the 2015 Full Year Results Presentation.