Certara IPO winds up being worth $336.5M, it says

Princeton-based biosimulation company Certara’s initial public offering earned it $336.5 million in gross proceeds, after the company sold an upsized 29 million shares of common stock at $23 per share.

The initial filings had put the IPO at $100 million, with some reports saying it could be worth up to $500 million. The company had planned to sell 24.4 million shares in a range of $19-22 per share, so the actual IPO exceeded both estimates.

Shares began trading Friday under the symbol “CERT.”

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