Ramaswamy's Dermavant Updates $124 Million IPO Filing

Dermavant updated its filing on 6/10/19 and will issue 7,700,000 shares and raise up to $123.9 million. Roivant is the controlling shareholder and will have the right to appoint two directors to the board. Each of those directors will have three votes on matters before the board. Dermavant intends to trade on NASDAQ under the symbol, “DRMT.”