Royalty Pharma Jumps Over 50% In Largest IPO Of 2020

Forma Therapeutics (FMTX) opened on June 19 at $40. The company had priced 13.88 million shares at $20.00. The deal size increased from 11.8 million shares and priced above the $16.00-$18.00 target range. Jefferies, SVB Leerink, and Credit Suisse are acting as joint book running managers for the offering. Forma is developing a pipeline of treatment candidates for various blood and cancer diseases.

Genetron Holdings (GTH) opened on June 19 at $16.15. The company had priced 16 million shares at $16.00, above the $11.50-$13.50 range. Credit Suisse and CICC acted as joint book running managers for the offering. Genetron is a precision oncology company in China that specializes in cancer molecular profiling.

PERFORMANCE

  • Royalty Pharma ended the week at $49.
  • After opening at $3.48 on Thursday, VerifyMe finished Friday at $3.95.
  • Repare Therapeutics ended the week at $30.80 after opening at $32.05.
  • Progenity finished Friday at $13.12.
  • Forma Therapeutics ended its first trading day at $39.
  • After opening at $16.15, Genetron Holdings finished Friday at $16.

UPCOMING IPOS

 Among the upcoming IPOs are ADC Therapeutics (ADCT), Ayala Pharmaceuticals (AYLA), Lyra Therapeutics (LYRA), Juniper Wellness (JUPW), BlueCity Holdings (BLCT), and Nkarta (NKTX).

  • ADC Therapeutics is a biotechnology company focused on cancer treatments, looking to raise up to $185.3 million in its IPO.
  • Ayala Pharmaceuticals is a clinical-stage oncology company focused on developing and commercializing small molecule therapeutics for patients suffering from rare and aggressive cancers, primarily in genetically defined patient populations.
  • Lyra Therapeutics is a biotech specializing in treatments for ear, nose, and throat diseases.
  • Nkarta Therapeutics is a biopharmaceutical company focused on the discovery, development, and commercialization of allogeneic, off-the-shelf engineered natural killer cell therapies to treat cancer.
  • Juniper Wellness provides acupuncture, herbal medicine and labor doula services.
  • BlueCity Holdings is an online LGBTQ community and dating platform in China.
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