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Clovis Oncology nets $129mm in initial public offering
Jul 2011
Executive Summary
Specialty cancer pharmaco Clovis Oncology Inc. has netted $129mm in its initial public offering of 10.7mm shares (including partial exercise of the overallotment) at $13, the low end of its $13-15 price range. The company initially planned to sell only 9.3mm shares. Existing stockholders, directors, and executive management have agreed to buy 4.3mm, or 43%, of the shares at the IPO price.
Deal Industry
-
Biotechnology
- Pharmacogenetics-Pharmacogenomics
-
In Vitro Diagnostics
- Molecular Diagnostics & Genetic Testing
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Pharmaceuticals
- Specialty Pharmaceuticals
Deal Status
- Final
Deal Type
-
Financing
- IPO
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Clovis Oncology nets $129mm in initial public offering
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