CDTX News

Etsy exploded 88% out of the gate, giving it the best first-day return for a tech IPO in over a year. Cancer immunotherapy biotech Aduro Biotech flew up 147%, the year's third IPO to more than double on day one. This past week was the second largest of 2015 by proceeds raised as four companies went public at billion-dollar valuations, up from a week with two in January. 43 IPOs...read more

Cidara Therapeutics, a preclinical biotech developing novel therapies for fungal infections, raised $77 million by offering 4.8 million shares at $16, the high end of the range of $14 to $16. Cidara Therapeutics plans to list on the NASDAQ under the symbol CDTX. Cidara Therapeutics initially filed confidentially on 2/4/2015. Jefferies & Co. and Leerink Partners acted as lead...read more

As many as seven IPOs could price this week, and four have a proposed market cap over $1 billion. So far, only eight companies that large have gone public this year, or 22% of all deals. The 3 largest - Party City, Etsy and Virtu - are based in New York. ...read more

Cidara Therapeutics, which is developing novel therapies for fungal infections, announced terms for its IPO on Monday. The San Diego, CA-based company plans to raise $60 million by offering 4.0 million shares at a price range of $14 to $16. At the midpoint of the proposed range, Cidara Therapeutics would command a market value of $190 million. Cidara Therapeutics, which...read more