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US IPO Weekly Recap: Two billion-dollar biotechs cap a mixed week for biotech IPOs

ALEC

In the second week after the SEC opened we saw a number of launches and two billion-dollar biotechs, Alector (ALEC) and Gossamer Bio (GOSS), price their IPOs. Another biotech, Harpoon Therapeutics (HARP), along with three SPACs, also priced their IPOS. Alector, a Phase 1 biotech developing therapies for...read more

Dementia and Alzheimer's biotech Alector prices IPO at $19, the midpoint of the range

ALEC

Alector, a Phase 1 biotech developing therapies for neurodegeneration, raised $176 million by offering 9.3 million shares at $19, the midpoint of the $18 to $20 range. Alector plans to list on the Nasdaq under the symbol ALEC. Morgan Stanley, BofA Merrill Lynch, Cowen and Barclays acted as lead managers on the deal....read more

2 billion-dollar biotechs will IPO this week; here's how the last 5 performed

ALEC

One prediction from our 2018 Annual IPO Review is already coming true: Biotech IPOs are getting bigger. Two biotech IPOs with proposed billion-dollar valuations are ...read more

US IPO Weekly Recap: The SEC opens and New Fortress Energy is first through the door

NFE

With the government shutdown temporarily over, the SEC opened on Monday and IPO launches began to trickle onto the calendar, including billion-dollar biotech Alector (ALEC) and Virgin Trains USA (VTUS) . The first IPO of 2019, New Fortress Energy (NFE), priced its $280 million IPO at $14, well below the initial range, and...read more