trending Market Intelligence /marketintelligence/en/news-insights/trending/pdrpvm6kv0-tkd3f413-4w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Cancer therapy developer Allogene Therapeutics closes $372.6M IPO

COVID-19 Pandemic Likely To Cause US Telemedicine Boom

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Cancer therapy developer Allogene Therapeutics closes $372.6M IPO

Cancer therapy developer Allogene Therapeutics Inc. closed its IPO of 20,700,000 of its common shares at $18 apiece for gross proceeds of about $372.6 million.

The common stock issued included 2,700,000 shares sold following the full exercise of the underwriters' overallotment option.

South San Francisco, Calif.-based Allogene's shares were up by almost 39% to $25 per share at the close of market Oct. 11, granting the biotechnology company a market value of more than $2 billion.

The immuno-oncology company, which has at least one product in human testing, was co-founded by former Kite Pharma Inc. executives Arie Belldegrun and David Chang. Belldegrun is the former chairman, president and CEO of Kite Pharma, and Chang is the former executive vice president for research and development and chief medical officer of the company.

Gilead Sciences Inc. acquired Kite Pharma for about $12 billion in 2017.

Allogene Therapeutics focuses on the research, development and marketing of genetically engineered allogeneic T cell therapies to treat cancer.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Cowen and Co. LLC and Jefferies LLC acted as the joint book-running managers for the IPO.