IPO News Archive

With much delay, cancer drug developer Endocyte opens for trading

2/4/11


After pricing 12.5 million shares at $6 late this morning, ovarian cancer drug developer Endocyte opened for trading mid-day, with the stock initially gaining 7%. Endocyte, which is developing a treatment for platinum-resistant ovarian cancer, had originally planned to offer 5.35 million shares at a range of $13-$15, then changed the terms to 10.7 million shares at $7 before revising them again on Friday morning. RBC Capital Markets and Leerink Swann lead-managed the IPO.
Keywords/Tickers: ECYT
Source: www.RenaissanceCapital.com
blog comments powered by Disqus
Attribution Policy: The information contained herein is proprietary and copyrighted. The media is welcome to use our information and ideas, provided that the following sourcing is included: Renaissance Capital, Greenwich, CT (www.renaissancecapital.com).
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital and/or the Global IPO Fund (symbol: IPOSX) may have investments in securities of companies mentioned.
Invest in Global IPO Fund
About Fund Prospectus Invest