SS&C Prices IPO, Amag Gets $60M from Takeda, Selecta Nabs $15M, & More Boston-Area Deals News

Looks like the recent Boston sunshine helped plump up deal flow for the region’s software, Internet, and life sciences companies.

—Financial services software company SS&C Technologies Holdings, of Windsor, CT, set its IPO price at $15 a share, for a total of 10.725 million new shares. The price was at the high end of SS&C’s earlier proposed range. The initial public offering was worth nearly $161 million and put SS&C stock trading on the NASDAQ under the ticker symbol SSNC.

—Hangout Industries, a software platform provider for social games targeted toward teens, raised $2 million from existing investors, including Highland Capital Partners and Polaris Venture Partners. The Boston-based company’s CEO told Mass High Tech that another $3 million could be on the way, bringing Hangout’s funding total to $15 million.

—Lexington, MA-based Amag Pharmaceuticals (NASDAQ: [[ticker:AMAG]]) grabbed $60 million in upfront cash from a deal that gives Japan-based Takeda Pharmaceutical exclusive license rights to all therapeutic uses of ferumoxytol, Amag’s treatment for iron deficiency anemia, in Europe, former Soviet states, Asia Pacific countries (excluding China, Japan, and Taiwan), Canada, and Turkey.

—Cambridge, MA-based Cequent Pharmaceuticals and Bothell, WA’s MDRNA (NASDAQ: [[ticker:MRNA]]) announced they would merge in a $46 million, all-stock deal. The merger, expected to close in July, will

Pages: Page 1, Page 2

Author: Erin Kutz

Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.