MOGU News

Moderna (MRNA) was not the cure for the biotech industry, which has broadly sold off this quarter. Moderna upsized its offering to raise $604 million at a record-shattering $8.1 billion valuation. It is the largest biotech IPO by both deal size and proceeds raised. It also had one of the year's worst first-day returns, tumbling -19%, from $23.00 to $18.60....read more

MOGU, a Tencent-backed online fashion marketplace in China, raised $67 million by offering 4.8 million ADSs at $14, the low end of the range of $14 to $16. MOGU plans to list on the NYSE under the symbol MOGU. Morgan Stanley, Credit Suisse and China Renaissance acted as lead managers on the deal....read more

Four companies plan to raise $689 million during the week ahead. Biotech giant Moderna (MRNA) continues this year's boom of large biotech IPOs. Developing a platform of messenger RNA, Moderna is raising $500 million at an $8.0 billion valuation. That would make it the largest biotech ever to go public, and the third most highly-valued VC exit in the 2018 IPO...read more

MOGU, a Tencent-backed online fashion marketplace in China, announced terms for its IPO on Friday. The company operates the Meilishuo (Meili) and Mogujie fashion platforms. The Hangzhou, China-based company plans to raise $71 million by offering 4.75 million ADSs at a price range of $14 to $16. JD.com has agreed to purchase $30 million worth of ADSs in the offering, or a...read more