I. COMMENCED TRADING IN JULY | ||||||||
Company |
Date |
Date |
Shares/ |
Price | Shares |
Lead, Other |
Gross |
Post- |
INITIAL OFFERINGS | ||||||||
EvoGenix |
7/5/05 |
7/27/05 |
36S |
A$0.25 |
128.8 |
Lodge Corporate Services |
A$9 |
A$32.2 |
OVERALLOTMENTS | ||||||||
Gentium SpA |
1/24/05 |
7/27/05 |
0.3S |
$9 |
8.0 |
Maxim Group I-Bankers Securities (co-lead) |
$2.7 |
$72.0 |
Total: $9.55M | ||||||||
Number of IPOs in July: 1 | ||||||||
Average value of July IPOs: $6.85M | ||||||||
Number of IPOs in 2005: 20 | ||||||||
Total raised in IPOs in 2005: $975.41M | ||||||||
Average value of IPOs in 2005: $48.77M | ||||||||
FOLLOW-ON OFFERINGS | ||||||||
Company |
Date |
Date |
Shares/ |
Price | Shares |
Lead, Other |
Gross |
Post- |
| ||||||||
BioMarin |
12/23/02 |
7/14/05 |
8.5S |
$7.05 |
73.24 |
Merrill Lynch & Co. |
$59.9 |
$516.3 |
Keryx Bio- |
9/29/04 |
7/15/05 |
5.78S |
$14.05 |
37.28 |
JP Morgan Securities, Bear, Stearns & Co. (co- lead), Jefferies & Co., Oppenheimer & Co., Brean Murray & Co., Punk, Ziegel & Co. |
$81.21 |
$523.8 |
Momenta |
7/1/05 |
7/21/05 |
4.827S |
$27.02 |
30.35 |
Morgan Stanley & Co, Deutsche Bank Securities (co-lead), Banc of America Securities, SG Cowen & Co |
$130.4 |
$820.1 |
Rigel |
7/11/05 |
7/15/05 |
4.198S |
$20.75 |
24.13 |
Credit Suisse First Boston, Lehman Brothers (co-lead) |
$87.11 |
$500.7 |
OVERALLOTMENTS | ||||||||
CV Therapeutics |
6/22/05 |
7/7/05 |
1.05S |
$21.60 |
44.45 |
Lehman Brothers, Merrill Lynch & Co. (co-lead), Piper Jaffray & Co., SG Cowen & Co. First Albany Capital |
$22.7 |
$960.1 |
Total: $381.32M | ||||||||
Number of follow-on offerings in July: 4 | ||||||||
Average value of July follow-ons: $89.66M | ||||||||
Number of follow-on offerings in 2005: 26 | ||||||||
Total raised in follow-ons in 2005: $1,918.52M | ||||||||
Average value of follow-ons in 2005: $73.79M | ||||||||
Notes: | ||||||||
# Unless otherwise indicated, shares are traded on the Nasdaq exchange. | ||||||||
@ This column reflects the shares outstanding following the offering, when disclosed. | ||||||||
% Market capitalization is calculated based on the offering price. | ||||||||
AMEX = American Stock Exchange; ASX = Australian Stock Exchange. | ||||||||
Currency conversions are based on exchange rates at the time of the deal. | ||||||||
1. EvoGenix completed an IPO of 36M shares that raised A$9M on the Australian Stock Exchange. | ||||||||
2. Underwriters of Gentium's IPO in June exercised their option on another 300,000 American depository shares, each of which represents one common share. The IPO totaled about 2.7M shares and $24.3M in gross proceeds. | ||||||||
3. BioMarin raised $59.9M in a follow-on offering of 8.5M shares from a shelf registration filed in 2002. | ||||||||
4. Keryx raised $81.21M in a follow-on offering of about 5.78M shares. The totals include the underwriters' purchase of 750,000 shares per their overallotment option. | ||||||||
5. Momenta raised $130.4M in a follow-on offering of 4.827M shares from a shelf registration. Underwriters have an option to purchase up to 724,095 additional shares to cover overallotments. | ||||||||
6. Rigel raised $87.11M in a follow-on offering of about 4.2M shares. The totals include the underwriters' purchase of 547,500 shares per their overallotment option. | ||||||||
7. Underwriters of CV Therapeutics' follow-on offering in June exercised their option on another 1.05M shares. The offering totaled about 8.4M shares and $180.4M in gross proceeds. | ||||||||
II. FILED AND PENDING |
Company |
Date Filed | Shares/ |
Price |
Shares |
Lead, Other |
Value |
INITIAL OFFERINGS | ||||||
Accentia Bio- |
2/11/05 |
N/A |
N/A |
N/A |
Jefferies & Co., Robert W. Baird & Co., Ferris, Baker Watts, Stifel, Nicolaus & Co. |
$86.25 |
Advanced Life |
4/28/05 |
N/A |
N/A |
N/A |
C.E. Unterberg, Towbin, ThinkEquity Partners (co-lead) |
$86.25 |
AlgoRx |
11/29/04 |
6.8S |
$7-$8 |
N/A |
Credit Suisse First Boston, Citigroup (co-lead), Piper Jaffray & Co., Lazard Freres & Co. |
$51 |
Avalon |
5/4/05 |
N/A |
N/A |
N/A |
Legg Mason Wood Walker, Jefferies & Co. |
$57.5 |
BioNumerik |
6/9/04 |
N/A |
N/A |
N/A |
UBS Investment Bank, Needham & Co., Leerink Swann & Co., Punk, Ziegel & Co. |
$86.25 |
Celldex |
4/09/04 |
N/A |
N/A |
N/A |
Janney Montgomery Scott |
$50 |
Coley |
4/20/05 |
N/A |
N/A |
N/A |
Merrill Lynch & Co., JP Morgan Securities(co-lead), Lazard Freres & Co., Leerink Swann & Co. |
$115 |
CombinatoRx |
12/13/04 |
N/A |
N/A |
N/A |
SG Cowen & Co., Pacific Growth Equities (co-lead), SunTrust Robinson Humphrey, A.G. Edwards |
$100 |
Corus |
8/27/04 |
N/A |
N/A |
N/A |
Merrill Lynch & Co., Pacific Growth Equities, SunTrust Robinson Humphrey, JMP Securities |
$100 |
Genomic |
7/15/05 |
N/A |
N/A |
N/A |
JP Morgan Securities, Lehman Brothers (co-lead), Piper Jaffray & Co., Thomas Weisel Partners, JMP Securities |
$75 |
Intarcia |
2/7/05 |
N/A |
N/A |
N/A |
Credit Suisse First Boston, Pacific Growth Equities, Lazard Freres & Co. |
$86.25 |
Prestwick |
4/22/05 |
N/A |
N/A |
N/A |
UBS Investment Bank, Deutsche Bank Securities, CIBC World Markets, |
$74.75 |
Reliant |
5/20/05 |
N/A |
N/A |
N/A |
Goldman, Sachs & Co., Banc of America Securities, Deutsche Bank Securities, JP Morgan Securities, William Blair & Co., Lazard Capital Markets |
$300 |
Sunesis |
12/23/04 |
N/A |
N/A |
N/A |
Lehman Brothers, SG Cowen & Co. (co-lead), Needham & Co. |
$86.25 |
Valera |
3/14/05 |
N/A |
N/A |
N/A |
UBS Investment Bank, Banc of America (co-lead), First Albany Capital, Fortis Securities |
$74.75 |
FOLLOW-ON OFFERINGS | ||||||
Allos |
3/5/04 |
N/A |
N/A |
N/A |
N/A |
$75 |
Anadys |
4/22/05 |
N/A |
N/A |
N/A |
N/A |
$75 |
Antigenics |
8/12/04 |
N/A |
N/A |
N/A |
N/A |
$100 |
Avanir |
6/20/05 |
N/A |
N/A |
N/A |
N/A |
$100 |
Biomira Inc. |
7/14/04 |
N/A |
N/A |
N/A |
N/A |
$100 |
CancerVax |
11/8/04 |
N/A |
N/A |
N/A |
N/A |
$80 |
Cytokinetics |
6/14/05 |
N/A |
N/A |
N/A |
N/A |
$100 |
Encysive |
6/7/04 |
N/A |
N/A |
N/A |
N/A |
$150 |
Exelixis |
10/27/04 |
N/A |
N/A |
N/A |
N/A |
$200 |
Geron Corp. |
5/5/04 |
N/A |
N/A |
N/A |
N/A |
$150 |
Hollis-Eden |
7/8/05 |
5S |
$7.90 |
N/A |
N/A |
$39.5 |
Immunicon |
5/6/05 |
N/A |
N/A |
N/A |
N/A |
$75 |
Myogen Inc. |
6/3/05 |
N/A |
N/A |
N/A |
N/A |
$125 |
Nabi Bio- |
12/7/04 |
N/A |
N/A |
N/A |
N/A |
$175 |
Point |
12/17/04 |
N/A |
N/A |
N/A |
N/A |
$50 |
RegeneRx Bio- |
6/16/05 |
N/A |
N/A |
N/A |
N/A |
$60 |
Santarus |
5/12/05 |
N/A |
N/A |
N/A |
N/A |
$75 |
Seattle Genetics |
11/23/04 |
N/A |
N/A |
N/A |
N/A |
$75 |
Sonus |
4/1/05 |
N/A |
N/A |
N/A |
N/A |
$50 |
Targeted |
6/17/04 |
16.3S |
$1.51 |
N/A |
N/A |
$24.6 |
United |
2/10/05 |
5S |
$44.57 |
N/A |
N/A |
$222.9 |
V.I. |
5/13/05 |
N/A |
N/A |
N/A |
N/A |
$50 |
Vion |
12/14/04 |
N/A |
N/A |
N/A |
N/A |
$75 |
ZymoGenetics |
6/17/05 |
6.5S |
$19.02 |
N/A |
Merrill Lynch & Co., Pacific Growth Equities, Bear, Stearns & Co., Piper Jaffray & Co. |
$123.6 |
| ||||||
Notes: | ||||||
# Unless otherwise indicated, shares are traded on the Nasdaq exchange; shelf registrations that have been inactive more than 12-14 months may be removed from the listing. | ||||||
* Stock symbols for companies seeking to complete IPOs are proposed. | ||||||
@ This column reflects the shares outstanding following the offering, when disclosed. | ||||||
N/A = Not available, applicable or reported. | ||||||
AMEX = American Stock Exchange; NYSE = New York Stock Exchange. | ||||||
1. Accentia filed to raise up to $86.25M in an IPO. | ||||||
2. Advanced Life Sciences filed to raise up to $86.25M in an IPO. | ||||||
3. AlgoRx filed to raise up to $75M in an IPO. It reduced the price range in February. The value is based on the midpoint of that price range. | ||||||
4. Avalon filed to raise up to $57.55M in an IPO. | ||||||
5. BioNumerik filed to raise up to $86.25M in an IPO. | ||||||
6. Celldex filed to raise $50M in an IPO. After the sale Medarex Inc. would own about 75% of the company. | ||||||
7. Coley filed to raise up to $115M in an IPO. | ||||||
8. CombinatoRx filed to raise up to $100M in an IPO. | ||||||
9. Corus filed to raise up to $100M in an IPO. | ||||||
10. Genomic Health filed to raise up to $75M in an IPO. | ||||||
11. Intarcia filed to raise up to $86.25M in an IPO. | ||||||
12. Prestwick filed to raise up to $74.75M in an IPO. | ||||||
13. Reliant filed to raise up to $300M in an IPO. An undisclosed minority portion of the shares would be sold by an existing shareholder. | ||||||
14. Sunesis filed to raise up to $86.25M in an IPO. | ||||||
15. Valera filed to raise up to $74.75M in an IPO. | ||||||
16. Allos filed a shelf registration statement to sell up to $75M of various securities. It placed $52M in convertible stock in March. | ||||||
17. Anadys filed a shelf registration statement to sell up to $75M of common stock. | ||||||
18. Antigenics filed a shelf registration statement to sell up to $100M in various securities. It sold $50M in notes in January. | ||||||
19. Avanir filed a shelf registration statement covering the sale of up to $100M in various securities. | ||||||
20. Biomira filed a shelf registration statement in both Canada and the U.S. to sell up to $100M of securities. It placed $12.57M in stock in December. | ||||||
21. CancerVax filed a shelf registration statement to sell up to $80M in common stock. | ||||||
22. Cytokinetics filed a shelf registration statement covering up to $100M in various securities. | ||||||
23. Encysive filed a shelf registration statement to sell up to $150M in various securities. It raised $36.5M through the sale of 4.6M shares in September. | ||||||
24. Exelixis filed a shelf registration statement covering up to $200M in various securities. | ||||||
25. Geron filed a shelf registration statement covering the sale of up to $150M of various securities. It sold $40M in stock and warrants in November, and $4M more in April. | ||||||
26. Hollis-Eden filed a shelf registration statement covering 5M shares or other securities. The value is based on the July 7 closing price. | ||||||
27. Immunicon filed a shelf registration statement covering up to $75M in various securities. It placed $17.9M in stock on June 30. | ||||||
28. Myogen filed a universal shelf registration statement covering the sale of $125M of various securities. | ||||||
29. Nabi filed a shelf registration statement to sell up to $175M in various securities. | ||||||
30. Point Therapeutics filed a shelf registration statement to sell up to $50M of common stock and warrants. It raised $16.43M in March through the sale of 3.65M shares. | ||||||
31. RegeneRx filed a shelf registration statement covering the sale of up to $60M in common stock and warrants. | ||||||
32. Santarus filed a shelf registration statement to sell up to $75M in debt or equity securities. | ||||||
33. Seattle Genetics filed a shelf registration statement to sell up to $75M in stock. | ||||||
34. Sonus filed a shelf registration statement to sell up to $50M in common stock. | ||||||
35. Targeted Genetics filed a shelf registration statement to sell up to 16.3M shares. The value is based on the June 17, 2004, closing price. It raised $6M in a private placement in January. | ||||||
36. United Therapeutics filed a shelf registration statement covering 5M shares. The value is based on the Feb. 10 closing price. | ||||||
37. V.I. Technologies filed a shelf registration statement covering up to $50M of equity securities. | ||||||
38. Vion filed a shelf registration statement covering up to $75M of common stock and warrants. It raised $32.5M through the sale of 10M shares on Jan. 26. | ||||||
39. ZymoGenetics filed a shelf registration statement covering the sale of up to $200M of common stock. It said on July 28 it was offering 6.5M shares. The value is based on the July 27 closing price. |