NEWS
Paul Hastings Advises BofA Securities, Jefferies and Evercore ISI on Alvotech’s Aggregate $152 Million Public Offering and Concurrent Private Placement
June 16, 2026
Paul Hastings LLP advised BofA Securities, Jefferies and Evercore ISI as bookrunning managers for Alvotech’s (NASDAQ: ALVO; ALVO-SDB) public offering of 22,666,667 ordinary shares at an offering price of $3.75 per share for gross proceeds of approximately $85 million, as part of Alvotech’s aggregate $152 million public offering and concurrent private placement. Alvotech has also granted the underwriters a 30-day option to purchase an additional 3,400,000 ordinary shares at the public offering price, less underwriting discounts and commissions. The public offering is expected to close on or about June 17, 2026.
Equity Capital Markets and Corporate Life Sciences chair Seo Salimi and partner Will Magioncalda led the Paul Hastings team, which also included associate Adam Swank and summer associate Kathryn Hall.
More details can be found here.
About Paul Hastings
With widely recognized elite teams across 17 core practices, Paul Hastings is a premier law firm with a culture of excellence focused on providing intellectual capital and superior execution globally to the world’s leading investment banks, asset managers and corporations.