I. COMMENCED TRADING IN JANUARY | ||||||||
Company |
Date |
Date |
Shares/ |
Price | Shares |
Lead, Other |
Gross |
Post-Offering |
INITIAL OFFERINGS | ||||||||
Narhex Life |
10/24/04 |
1/12/05 |
66.9S |
A$0.20 |
161.4 |
Montagu Stockbrokers |
A$13.4 |
A$32.3 |
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ViaCell Inc. |
4/5/04 |
1/21/05 |
8.625S |
$7 |
37.20 |
Credit Suisse First Boston, UBS Investment Bank (co-lead), Lazard Freres & Co., Leerink Swann & Co. |
$60.38 |
$260.4 |
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OVERALLOTMENT OPTIONS | ||||||||
Chemokine |
10/22/04 |
1/31/05 |
2.4S |
C$1 |
31.73 |
Canaccord Capital, Jennings Capital, McFarlane Gordon, Wellington West Capital |
C$2.4 |
C$31.7 |
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SemBioSys |
11/29/04 |
1/7/05 |
0.525S and 0.263W |
C$5 |
12.60 |
Orion Securities, Dloughy Merchant Group, (co-lead), First Associates, Raymond James |
C$2.63 |
C$63.0 |
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Total: $74.78M | ||||||||
Number of IPOs in January: 2 | ||||||||
Average value of January IPOs: $35.4M | ||||||||
Number of IPOs in 2005: 2 | ||||||||
Total raised in IPOs in 2005: $74.78M | ||||||||
Average value of IPOs in 2005: $35.4M | ||||||||
| ||||||||
FOLLOW-ON OFFERINGS | ||||||||
Company |
Date |
Date |
Shares/ |
Price | Shares Out |
Lead, Other |
Gross |
Post-Offering |
Amylin |
12/11/03 |
1/21/05 |
9.2S |
$22 |
103.7 |
Morgan Stanley & Co., Goldman, Sachs & Co. (co-lead), Banc of America Securities, JP Morgan Securities, Wachovia Capital Markets |
$202.4 |
$2,281.4 |
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ISTA |
4/23/04 |
1/20/05 |
6.325S |
$8.88 |
25.70 | Banc of America Securities, Thomas Weisel Partners (co-lead), Lazard Freres & Co., C.E. Unterberg, Towbin |
$56.2 |
$228.2 |
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La Jolla |
11/26/02 |
1/28/05 |
12.25S |
$1.40 |
73.76 |
Pacific Growth Equities |
$17.15 |
$103.3 |
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Martek |
5/21/04 |
1/21/05 |
1.757S |
$49.10 |
31.26 |
Citigroup, Adams Harkness (co-lead), Needham & Co., First Albany Capital, D.A. Davidson & Co. |
$86.3 |
$1,534.8 |
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Telik Inc. |
4/9/04 |
1/28/05 |
7S |
$18.75 |
50.83 |
UBS Investment Bank, JP Morgan Securities, Lehman Brothers |
$131.3 |
$953.1 |
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Zonagen Inc. |
10/20/04 |
1/27/05 |
4.4S |
$4 |
9.39 |
Punk, Ziegel & Co., WR Hambrecht + Co. (co-lead) |
$17.6 |
$37.6 |
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Total: $510.95M | ||||||||
Number of follow-on offerings in January: 6 | ||||||||
Average value of January follow-ons: $85.16M | ||||||||
Number of follow-on offerings in 2005: 6 | ||||||||
Total raised in follow-ons in 2005: $510.95M | ||||||||
Average value of follow-ons in 2005: $85.16M | ||||||||
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. | ||||||||
ASX = Australian Stock Exchange; TSE = Toronto Stock Exchange. | ||||||||
1. NarHex raised A$13.4M in an IPO on the Australian Stock Exchange. | ||||||||
2. ViaCell raised about $60.38M in an IPO of 8.625M shares. The totals include the underwriters' purchase of 1.125M shares per their overallotment option. | ||||||||
3. Underwriters of Chemokine's IPO in December exercised their option on another 2.4M shares, bringing the IPO total to C$18.4M in gross proceeds. | ||||||||
4. Underwriters of SemBioSys' IPO in December exercised their option on another 525,000 units, bringing the IPO total to about C$20.13 in gross proceeds. | ||||||||
5. Amylin raised $202.4M in a follow-on offering of 9.2M shares. The totals include the underwriters' purchase of 1.2M shares per their overallotment option. | ||||||||
6. ISTA raised about $56.2M in a follow-on offering of 6.325M shares. The totals include the underwriters' purchase of 825,000 shares per their overallotment option. | ||||||||
7. La Jolla raised $17.15M in a follow-on offering of 12.25M shares. The deal included an underwriting discount of $0.084 per share. | ||||||||
8. Martek raised about $86.3M in a follow-on offering of 1.757M shares. The totals include the underwriters' purchase of 229,124 shares per their overallotment option. | ||||||||
9. Telik raised $131.3M in a follow-on offering of 7M shares. Underwriters have an option to purchase another 1.05M shares to cover overallotments. | ||||||||
10. Zonagen raised $17.6M in a follow-on offering of 4.4M shares. Underwriters have an option to purchase another 660,000 shares to cover overallotments. | ||||||||
II. FILED AND PENDING | ||||||||
INITIAL OFFERINGS |
Company (Symbol/ |
Date Filed |
Shares/Units (M) |
Price Range |
Shares |
Lead, Other Underwriters |
Value (M) |
AlgoRx |
11/29/04 |
N/A |
N/A |
N/A |
Credit Suisse First Boston (co-lead), Citigroup (co-lead), Piper Jaffray & Co., Lazard Freres & Co. |
$75 |
Aspreva |
1/24/05 |
N/A |
N/A |
N/A |
Merrill Lynch & Co., Banc of America Securities (co-lead), Pacific Growth Equities, BMO Nesbitt Burns |
$100 |
BioNumerik |
6/9/04 |
N/A |
N/A |
N/A |
UBS Investment Bank, Needham & Co., Leerink Swann & Co., Punk, Ziegel & Co. |
$86.25 |
CardioVascular |
9/27/04 |
2S |
$10 |
N/A |
First Dunbar Securities |
$20 |
Celldex |
4/09/04 |
N/A |
N/A |
N/A |
Janney Montgomery Scott |
$50 |
CombinatoRx |
12/13/04 |
N/A |
N/A |
N/A |
SG Cowen & Co. (co-lead), 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 |
EpiCept Corp. |
1/10/05 |
N/A |
N/A |
N/A |
Wachovia Capital Markets, C.E. Unterberg, Towbin (co- lead) |
$75 |
Favrille Inc. |
4/8/04 |
N/A |
N/A |
N/A |
Piper Jaffray & Co., Needham & Co., William Blair & Co., First Albany Capital |
$86.25 |
Icagen Inc. |
4/8/04 |
N/A |
N/A |
N/A |
UBS Investment Bank (co-lead), JP Morgan Securities (co-lead), CIBC World Markets |
$86.25 |
MediciNova |
10/1/04 |
N/A |
N/A |
N/A |
Daiwa Securities SMBC |
$100 |
Peninsula |
12/16/03 |
N/A |
N/A |
N/A |
Credit Suisse First Boston, Piper Jaffray & Co., Citigroup, First Albany Capital |
$86.25 |
Salmedix Inc. |
4/23/04 |
N/A |
N/A |
N/A |
SG Cowen & Co. (co-lead), Pacific Growth Equities (co- lead), JMP Securities, ThinkEquity Partners |
$86.25 |
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Sunesis |
12/23/04 |
N/A |
N/A |
N/A |
Lehman Brothers (co-lead), SG Cowen & Co. (co-lead), Needham & Co. |
$86.25 |
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Synta |
1/18/05 |
N/A |
N/A |
N/A |
Morgan Stanley & Co., Lehman Bothers, Lazard Freres & Co. |
$115 |
Targacept |
5/14/04 |
N/A |
N/A |
N/A |
Morgan Stanley & Co., Deutsche Bank Securities, CIBC World Markets, Pacific Growth Equities |
$86.25 |
Threshold |
4/9/04 |
N/A |
N/A |
N/A | Banc of America Securities (co-lead), CIBC World Markets (co-lead), Lazard Freres & Co., William Blair & Co. |
$86.25 |
XenoPort Inc. |
1/19/05 |
N/A |
N/A |
N/A |
Morgan Stanley & Co., Deutsche Bank Securities, Pacific Growth Equities, Lazard Freres & Co. |
$86.25 |
FOLLOW-ON OFFERINGS | ||||||
Alexion |
11/26/03 |
N/A |
N/A |
N/A |
N/A |
$150 |
Allos |
3/5/04 |
N/A |
N/A |
N/A |
N/A |
$75 |
Antigenics |
8/12/04 |
N/A |
N/A |
N/A |
N/A |
$100 |
Arena |
5/20/04 |
6S |
$6.57 |
N/A |
CIBC World Markets, Piper Jaffray & Co. (co-lead), Needham & Co., Granite Financial Group, Morgan Joseph & Co. |
$39.4 |
Atrix |
1/16/04 |
N/A |
N/A |
N/A |
N/A |
$150 |
Avanir |
4/12/04 |
N/A |
N/A |
N/A |
N/A |
$50 |
Barrier |
1/24/05 |
2S |
$19.90 |
N/A |
Morgan Stanley & Co., Pacific Growth Equities, JP Morgan Securities |
$39.8 |
BioCryst |
12/16/03 |
N/A |
N/A |
N/A |
N/A |
$60 |
Bioenvision |
10/25/04 |
7S |
$7.97 |
N/A |
JP Morgan Securities, UBS Investment Bank (co-lead), CIBC World Markets, Friedman, Billings, Ramsey |
$55.8 |
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 |
Cel-Sci Corp. (AMEX:CVM)30 |
12/19/03 |
N/A |
N/A |
N/A |
N/A |
$50 |
Cephalon Inc. (CEPH)31 |
2/6/04 |
N/A |
N/A |
N/A |
N/A |
$1B |
CoTherix Inc. |
1/12/05 |
4S |
$10.06 |
N/A |
CIBC World Markets, Piper Jaffray & Co. (co-lead), Needham & Co., Thomas Weisel Partners |
$40.2 |
Curis Inc. |
12/23/03 |
N/A |
N/A |
N/A |
N/A |
$40 |
CV Therapeutics |
10/1/03 |
N/A |
N/A |
N/A |
N/A |
$300 |
Discovery |
12/19/03 |
6.5S |
$9.67 |
N/A |
N/A |
$62.9 |
Dyax Corp. |
3/11/04 |
7.5S |
$13.78 |
N/A |
N/A |
$103.4 |
Emisphere |
7/8/04 |
5S |
$3.53 |
N/A |
N/A |
$17.7 |
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 |
Gilead Sciences |
12/22/03 |
N/A |
N/A |
N/A |
N/A |
$500 |
GTC |
12/23/03 |
N/A |
N/A |
N/A |
N/A |
$40 |
Keryx Bio- |
9/29/04 |
5S |
$11.45 |
N/A |
N/A |
$57.3 |
Maxim |
12/31/03 |
N/A |
N/A |
N/A |
N/A |
$75 |
Nabi Bio- |
12/7/04 |
N/A |
N/A |
N/A |
N/A |
$175 |
Nektar |
3/8/04 |
9.5S |
$22.13 |
N/A |
Lehman Brothers |
$210.2 |
Northfield |
12/23/04 |
3.5S |
$18.95 |
N/A |
UBS Investment Bank, SG Cowen & Co., Harris Nesbitt |
$66.3 |
Nuvelo Inc. |
1/24/05 |
7S |
$8.68 |
N/A |
UBS Investment Bank, Deutsche Bank Securities (co-lead), CIBC World Markets, Needham & Co. |
$60.7 |
Orchid |
1/13/04 |
N/A |
N/A |
N/A |
N/A |
$30 |
Orphan Medical |
4/14/04 |
4S |
$11.17 |
N/A |
N/A |
$44.7 |
Point |
12/17/04 |
N/A |
N/A |
N/A |
N/A |
$50 |
Pozen Inc. |
2/3/04 |
8.54S |
$11.91 |
N/A |
N/A |
$101.7 |
Progenics |
5/26/04 |
N/A |
N/A |
N/A |
N/A |
$60 |
Seattle Genetics |
11/23/04 |
N/A |
N/A |
N/A |
N/A |
$75 |
Sequenom |
1/30/04 |
N/A |
N/A |
N/A |
N/A |
$50 |
Targeted |
6/17/04 |
16.3S |
$1.51 |
N/A |
N/A |
$24.6 |
Tercica Inc. |
1/21/05 |
6S |
$9.60 |
N/A |
Lehman Brothers, SG Cowen & Co. (co-lead), Robert W. Baird & Co., Friedman, Billings, Ramsey, Harris Nesbitt |
$57.6 |
Titan |
2/6/04 |
N/A |
N/A |
N/A |
N/A |
$50 |
Vion |
12/14/04 |
N/A |
N/A |
N/A |
N/A |
$75 |
Vivus Inc. |
12/22/04 |
N/A |
N/A |
N/A |
N/A |
$50 |
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Notes: | ||||||
# Unless otherwise indicated, shares are traded on the Nasdaq exchange. | ||||||
* 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; TSE = Toronto Stock Exchange. | ||||||
1. AlgoRx filed to raise up to $75M in an IPO. | ||||||
2. Aspreva filed to raise up to $100M in an IPO in the U.S. and Canada. | ||||||
3. BioNumerik filed to raise up to $86.25M in an IPO. | ||||||
4. CardioVascular registered to sell 2M shares at $10 each in an IPO. | ||||||
5. Celldex filed to raise $50M in an IPO. After the sale Medarex Inc. would own about 75 percent of the company. | ||||||
6. CombinatoRx filed to raise up to $100M in an IPO. | ||||||
7. Corus filed to raise up to $100M in an IPO. | ||||||
8. EpiCept filed to raise up to $75M in an IPO. | ||||||
9. Favrille filed to raise up to $86.25M in an IPO. | ||||||
10. Icagen filed to raise up to $86.25M in an IPO. | ||||||
11. MediciNova filed to raise up to $100 in an IPO on the Tokyo Stock Exchange. | ||||||
12. Peninsula filed to raise up to $86.25M in an IPO. | ||||||
13. Salmedix filed to raise up to $86.25M in an IPO. | ||||||
14. Sunesis filed to raise up to $86.25M in an IPO. | ||||||
15. Synta filed to raise up to $115M in an IPO. | ||||||
16. Targacept filed to raise up to $86.25M in an IPO. | ||||||
17. Threshold filed to raise up to $86.25M in an IPO. | ||||||
18. XenoPort filed to raise up to $86.25M in an IPO. | ||||||
19. Alexion filed a shelf registration statement to sell up to $150M in various securities. It raised $77.5M through the sale of 5M shares on July 20. It sold $125M in convertible notes in January. | ||||||
20. Allos filed a shelf registration statement to sell up to $75M of various securities. | ||||||
21. Antigenics filed a shelf registration statement to sell up to $100M in various securities. It sold $50M in notes in January. | ||||||
22. Arena filed a shelf registration statement to sell up to $50M of stock. It said Jan. 13 it planned to sell 6M shares. The value is based on the Jan 12. closing price. | ||||||
23. Atrix filed a shelf registration statement to sell up to $150M in various securities. | ||||||
24. Avanir filed a shelf registration statement to sell up to $50M in Class A common stock. It raised $25M in May through the sale of 19.7M Class A shares. | ||||||
25. Barrier registered to sell 4M shares, 2M of which will be offered by existing shareholders. The value is based on the Jan. 24 closing price. | ||||||
26. BioCryst filed a shelf registration statement to sell up to $60M in common stock. It raised $21.4M in a direct offering in February 2004. | ||||||
27. Bioenvision filed a shelf registration statement covering the sale of up to $90M of stock. It said on Jan. 19 it was offering 7M shares. The value is based on the Jan. 18 closing price. | ||||||
28. 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. | ||||||
29. CancerVax filed a shelf registration statement to sell up to $80M in common stock. | ||||||
30. Cel-Sci filed a shelf registration statement to sell up to $50M in common stock. It raised $5.25M in a private placement in May. | ||||||
31. Cephalon filed a $1B universal shelf registration statement covering the sale of various securities. | ||||||
32. CoTherix registered to sell 4M shares. The value is based on the Jan. 11 closing price. | ||||||
33. Curis filed a shelf registration statement covering the sale of up to $40M of various securities. | ||||||
34. CV Therapeutics filed a shelf registration statement to sell up to $300M in various securities. | ||||||
35. Discovery Laboratories filed a shelf registration statement to sell up to 6.5M shares of common stock. The value is based on the Dec. 18, 2003, closing price. | ||||||
36. Dyax filed a shelf registration statement to sell up to 7.5M shares. The value is based on the March 10 closing price. | ||||||
37. Emisphere filed a shelf registration statement covering 5M shares. The value is based on the July 7 closing price. | ||||||
38. 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. | ||||||
39. Exelixis filed a shelf registration statement covering up to $200M in various securities. | ||||||
40. 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. | ||||||
41. Gilead filed a shelf registration statement covering the sale of up to $500M of various securities. | ||||||
42. GTC filed a shelf registration statement covering the sale of up to $40M in common stock. It raised $15M in March and $10.4M in January in private placements. | ||||||
43. Keryx filed to sell up to 5M shares. The value is based on the Sept. 29 closing price. | ||||||
44. Maxim filed a shelf registration statement to sell up to $75M in various securities. | ||||||
45. Nabi filed a shelf registration statement to sell up to $175M in various securities. | ||||||
46. Nektar said on March 8 it was selling 9.5M shares from an existing shelf registration statement. The value is based on the March 8 closing price. | ||||||
47. Northfield filed a shelf registration statement to sell up to $100M of securities. On Jan. 19 it said it would sell 3.5M shares. The value is based on the Jan. 19 closing price. | ||||||
48. Nuvelo plans to sell 7M shares from a shelf registration. The value is based on the Jan. 24 closing price. | ||||||
49. Orchid filed a shelf registration statement to sell up to $30M in common stock. | ||||||
50. Orphan Medical filed a shelf registration statement covering 4M common shares. The value is based on the April 13 closing price. | ||||||
51. Point Therapeutics filed a shelf registration statement to sell up to $50M of common stock and warrants. | ||||||
52. Pozen registered to sell 8.54M shares, including an overallotment option, at a maximum price of $11.91 each. | ||||||
53. Progenics filed a shelf registration statement to sell up to $60M of common stock. | ||||||
54. Seattle Genetics filed a shelf registration statement to sell up to $75M in stock. | ||||||
55. Sequenom filed a shelf registration statement to sell up to $50M in stock and warrants. | ||||||
56. Targeted Genetics filed a shelf registration statement to sell up to 16.3M shares. The value is based on the June 17 closing price. It raised $6M in a private placement in January. | ||||||
57. Tercica registered to sell 6M shares. The value is based on the Jan. 21 closing price. | ||||||
58. Titan filed a shelf registration statement for the sale of up to $50M in common or preferred stock. It privately placed $15M in stock in March. | ||||||
59. 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. | ||||||
60. Vivus filed a shelf registration statement covering up to $50M of common stock. |