This week's wave of biotech IPO players bumps up offerings and targets bigger harvests of cash
It’s time for the latest round of biotech IPO news, which now focuses on the upsizing process ahead of the pricing.
→ For starters, we have Inozyme Pharma, a preclinical startup out of Boston that is now looking to raise $104 million by selling 6.5 million shares at $16 a pop. As Renaissance Capital notes, they had initially laid out plans to sell 5 million shares at $14 to $16 each.
→ Next up is South San Francisco-based Annexon, which bumped up its deal size by a hefty 29%. The biotech is now looking for around $200 million by selling 12.5 million shares at $15 to $16 per share.
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