Underwriting

89bio Announces Pricing of Upsized Public Offering of Common Stock

Retrieved on: 
Thursday, September 17, 2020
Financial markets, Finance, Financial economics, Corporate finance, Stock market, Initial public offering, Actuarial science, Underwriting, Stock, Public offering, Catabasis Pharmaceuticals

SAN FRANCISCO, Sept. 16, 2020 (GLOBE NEWSWIRE) -- 89bio, Inc. (Nasdaq:ETNB), a clinical-stage biopharmaceutical company focused on the development and commercialization of innovative therapies for the treatment of liver and cardio-metabolic diseases, today announced the pricing of an upsized underwritten public offering of 3,300,000 shares of its common stock at a public offering price of$28.00 per share.

Key Points: 
  • SAN FRANCISCO, Sept. 16, 2020 (GLOBE NEWSWIRE) -- 89bio, Inc. (Nasdaq:ETNB), a clinical-stage biopharmaceutical company focused on the development and commercialization of innovative therapies for the treatment of liver and cardio-metabolic diseases, today announced the pricing of an upsized underwritten public offering of 3,300,000 shares of its common stock at a public offering price of$28.00 per share.
  • The gross proceeds of the offering to 89bio, before deducting the underwriting discount and other offering expenses payable by 89bio, are expected to be approximately$84.7 million.
  • In addition,89bio has granted the underwriters a 30-day option to purchase up to an additional 495,000 shares of common stock, at the public offering price, less the underwriting discounts and commissions.
  • 89bio will not receive any proceeds from the sale of shares of the companys common stock by the selling stockholder.

Broadstone Net Lease, Inc. Announces Pricing of Initial Public Offering

Retrieved on: 
Thursday, September 17, 2020
Financial economics, Finance, Corporate finance, Stock market, Initial public offering, Financial markets, Underwriting, Public offering, Stock

ROCHESTER, N.Y., Sept. 16, 2020 (GLOBE NEWSWIRE) -- Broadstone Net Lease, Inc., an internally-managed real estate investment trust (BNL), announced today the pricing of its initial public offering of 33,500,000 shares of its Class A Common Stock at a price to the public of $17.00 per share.

Key Points: 
  • ROCHESTER, N.Y., Sept. 16, 2020 (GLOBE NEWSWIRE) -- Broadstone Net Lease, Inc., an internally-managed real estate investment trust (BNL), announced today the pricing of its initial public offering of 33,500,000 shares of its Class A Common Stock at a price to the public of $17.00 per share.
  • The underwriters also have been granted a 30-day option to purchase up to an additional 5,025,000 shares of Class A Common Stock from BNL at the initial public offering price, less underwriting discounts and commissions.
  • BNL intends to use the net proceeds from its initial public offering to repay borrowings under its unsecured term loan and revolving credit facility, and for general business and working capital purposes, including potential future acquisitions.
  • Regions Securities LLC, BTIG, KeyBanc Capital Markets and Ramirez & Co., Inc. are acting as co-managers for the offering.

Reinvent Technology Partners Announces Pricing of $600 Million Initial Public Offering

Retrieved on: 
Thursday, September 17, 2020
Banking, Professional services, Finance, Financial economics, Finance, Corporate finance, Money, Initial public offering, Financial markets, Options, Stock market, Warrant, Underwriting, Public offering, Short

Reinvent Technology Partners (the Company) announced today that it priced its initial public offering of 60,000,000 units at $10.00 per unit.

Key Points: 
  • Reinvent Technology Partners (the Company) announced today that it priced its initial public offering of 60,000,000 units at $10.00 per unit.
  • Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share.
  • The Company has granted the underwriter a 45-day option to purchase up to an additional 9,000,000 units at the initial public offering price to cover over-allotments, if any.
  • This press release contains statements that constitute forward-looking statements, including with respect to the proposed initial public offering.

Oaktree Acquisition Corp. II Announces Pricing of $225 Million Initial Public Offering

Retrieved on: 
Wednesday, September 16, 2020
Other Professional Services, Professional services, Finance, Government procurement in the United States, United States administrative law, Initial public offering, Underwriting, Oaktree

The Company has granted the underwriters a 45-day option to purchase up to an additional 3,375,000 units at the initial public offering price to cover over-allotments, if any.

Key Points: 
  • The Company has granted the underwriters a 45-day option to purchase up to an additional 3,375,000 units at the initial public offering price to cover over-allotments, if any.
  • This press release contains statements that constitute forward-looking statements, including with respect to the proposed initial public offering and the anticipated use of the net proceeds.
  • Oaktree Acquisition Corp. IIs acquisition and value creation strategy is to identify, partner with and help grow a business in the industrial or consumer sector, amongst others.
  • For more information about Oaktree Acquisition Corp. II, please visit www.oaktreeacquisitioncorp.com.

NuCana Announces Proposed Public Offering of American Depositary Shares

Retrieved on: 
Wednesday, September 16, 2020
Finance, Financial economics, Money, Initial public offering, Corporate finance, American depositary receipt, ADSS, Underwriting, Offering, Public offering

EDINBURGH, United Kingdom, Sept. 16, 2020 (GLOBE NEWSWIRE) -- NuCana plc, a clinical-stage biopharmaceutical company focused on significantly improving treatment outcomes for patients with cancer, announced today that it has commenced an underwritten public offering of its American Depositary Shares (ADSs).

Key Points: 
  • EDINBURGH, United Kingdom, Sept. 16, 2020 (GLOBE NEWSWIRE) -- NuCana plc, a clinical-stage biopharmaceutical company focused on significantly improving treatment outcomes for patients with cancer, announced today that it has commenced an underwritten public offering of its American Depositary Shares (ADSs).
  • In addition, NuCana expects to grant the underwriters a 30-day option to purchase up to an additional 15% of its ADSs at the public offering price, less underwriting discounts and commissions.
  • The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering.
  • Jefferies, Cowen, William Blair, and Truist Securities are acting as joint book-running managers for the offering.

Executive Network Partnering Corporation Announces Pricing of Upsized $360 Million Initial Public Offering

Retrieved on: 
Wednesday, September 16, 2020
Other Professional Services, Professional services, Finance, Financial economics, Financial markets, Finance, Money, Corporate finance, Initial public offering, Public offering, Underwriting, Short, Pricing

Executive Network Partnering Corporation (the Company), a company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar partnering transaction with one or more businesses, today announced the pricing of its initial public offering of 14,400,000 CAPS at a price of $25.00 per CAPS.

Key Points: 
  • Executive Network Partnering Corporation (the Company), a company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar partnering transaction with one or more businesses, today announced the pricing of its initial public offering of 14,400,000 CAPS at a price of $25.00 per CAPS.
  • Each CAPS consists of one share of Class A common stock of the Company and one-quarter of one warrant.
  • The Company has granted the underwriter a 45-day option to purchase up to an additional 2,160,000 CAPS at the initial public offering price to cover over-allotments, if any.
  • This press release contains statements that constitute forward-looking statements, including with respect to the proposed initial public offering and the anticipated use of the net proceeds.

Equity Distribution Acquisition Corp. Announces Pricing of Upsized $360 Million Initial Public Offering

Retrieved on: 
Wednesday, September 16, 2020
Consulting, Professional services, Finance, Financial markets, Financial economics, Finance, Corporate finance, Stock market, Equity securities, Options, Initial public offering, Ticker symbol, Underwriting, Public offering, Stock

The units will be listed on the New York Stock Exchange and trade under the ticker symbol EQD.U beginning September 16, 2020.

Key Points: 
  • The units will be listed on the New York Stock Exchange and trade under the ticker symbol EQD.U beginning September 16, 2020.
  • Each unit consists of one share of Class A common stock of the Company and one-third of one warrant.
  • The Company has granted the underwriter a 45-day option to purchase up to 5,400,000 additional units at the initial public offering price to cover over-allotments, if any.
  • This press release contains statements that constitute forward-looking statements, including with respect to the proposed initial public offering and the anticipated use of the net proceeds.

JFrog Announces Pricing of Its Initial Public Offering

Financial markets, Finance, Money, Stock market, Initial public offering, Underwriting, NASDAQ, Corporate finance

SUNNYVALE, Calif., Sept. 16, 2020 (GLOBE NEWSWIRE) -- JFrog Ltd. (JFrog) (NASDAQ: FROG), the liquid software company, announced today the pricing of its initial public offering of 11,568,218 ordinary shares at a price to the public of $44.00 per share.

Key Points: 
  • SUNNYVALE, Calif., Sept. 16, 2020 (GLOBE NEWSWIRE) -- JFrog Ltd. (JFrog) (NASDAQ: FROG), the liquid software company, announced today the pricing of its initial public offering of 11,568,218 ordinary shares at a price to the public of $44.00 per share.
  • JFrog will not receive any proceeds from the sale of the shares by the existing selling shareholders.
  • The underwriters have the option to purchase up to an additional 1,735,232 ordinary shares from JFrog at the initial public offering price, less underwriting discounts and commissions.
  • JFrog is trusted by more than 5,800 customers, with top global brands depending on JFrog to manage their software packages for mission-critical applications.

StepStone Announces Pricing of Initial Public Offering

Retrieved on: 
Wednesday, September 16, 2020
Finance, Financial markets, Money, Corporate finance, Primary dealers, Subprime mortgage crisis, Stock market, Goldman Sachs, Initial public offering, Public offering, Underwriting, Stock

NEW YORK, Sept. 16, 2020 (GLOBE NEWSWIRE) -- StepStone Group Inc. (StepStone) today announced the pricing of its initial public offering of 17,500,000 shares of its Class A common stock at a public offering price of $18.00 per share.

Key Points: 
  • NEW YORK, Sept. 16, 2020 (GLOBE NEWSWIRE) -- StepStone Group Inc. (StepStone) today announced the pricing of its initial public offering of 17,500,000 shares of its Class A common stock at a public offering price of $18.00 per share.
  • In addition, StepStone has granted the underwriters a 30-day option to purchase up to an additional 2,625,000 shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions.
  • The offering is expected to close on or about September 18, 2020 subject to satisfaction of customary closing conditions.
  • J.P. Morgan, Goldman Sachs and Morgan Stanley are acting as joint book-running managers for the offering.

Snowflake Announces Pricing of Initial Public Offering

Retrieved on: 
Wednesday, September 16, 2020
Data management, Security, Technology, Software, Networks, Internet, Finance, Financial markets, Money, Primary dealers, Subprime mortgage crisis, Stock market, Corporate finance, Initial public offering, Citigroup, Underwriting, Public offering, Security

Snowflake, the cloud data platform, today announced the pricing of its initial public offering of 28,000,000 shares of Class A common stock at a price to the public of $120.00 per share.

Key Points: 
  • Snowflake, the cloud data platform, today announced the pricing of its initial public offering of 28,000,000 shares of Class A common stock at a price to the public of $120.00 per share.
  • In addition, Snowflake has granted the underwriters a 30-day option to purchase up to 4,200,000 additional shares of Class A common stock at the initial public offering price less underwriting discounts and commissions.
  • Goldman Sachs & Co. LLC, Morgan Stanley, J.P. Morgan, Allen & Company LLC, and Citigroup are acting as lead book-running managers for the offering.
  • Davidson & Co., JMP Securities, Oppenheimer & Co., Piper Sandler, Stifel, Academy Securities, Loop Capital Markets, Ramirez & Co., Inc., and Siebert Williams Shank are acting as co-managers for the offering.