trending Market Intelligence /marketintelligence/en/news-insights/trending/spKI2uotK6T09yZ_kUQxJQ2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Ideaya Biosciences prices IPO below expected range; to raise $50M

Blog

COVID-19 Impact & Recovery: Healthcare Outlook for H2 2021

Video

Climate Credit Analytics: Linking climate scenarios to financial impacts

Blog

Global M&A Infographic Q1 2021

Blog

Q1 2021 Global Capital Markets Activity: SPAC IPOs, Issuance in Consumer Discretionary Sector Surge


Ideaya Biosciences prices IPO below expected range; to raise $50M

Ideaya Biosciences Inc. priced its IPO at $10 per share, below the expected range of between $13 and $15 apiece.

Gross proceeds from the IPO are expected to be $50 million.

The South San Francisco, Calif.-based biotechnology company is looking to sell 5 million shares and underwriters have the option of purchasing up to an additional 750,000 shares.

Ideaya's shares are expected to begin trading on the Nasdaq Global Market May 23, while the IPO is set to close May 28.

The drugmaker previously said it intends to use proceeds to develop eye cancer treatment IDE196, as well as other cancer therapy candidates.

J.P. Morgan, Citigroup and Jefferies were the joint book-running managers for the offering.