I. COMMENCED TRADING IN JANUARY |
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INITIAL OFFERINGS |
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Company | Date | Date | Shares/ | Price | Shares | Lead, Other | Gross | Post- |
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There were no initial public offerings conducted in January. |
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Total: $0M |
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Number of IPOs in January: 0 |
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Average value of January IPOs: $0M |
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Number of IPOs in 2003: 0 |
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Total raised in IPOs in 2003: $0M |
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Average value of IPOs in 2003: $0M |
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FOLLOW-ON OFFERINGS |
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Company | Date | Date | Shares/ | Price | Shares | Lead, Other | Gross | Post- |
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Amylin | 11/19/02 | 1/17/03 | 10.54S | $16.60 | 92.5 | Goldman, Sachs | $174.96 | $1,535.5 |
Antigenics | 6/13/02 | 1/23/03 | 3.45S | $9.92 | 39.4 | UBS Warburg; | $34.22 | $390.85 |
AtheroGenics | 11/13/02 | 1/29/03 | 7.2S | $6.25 | 35.3 | Morgan Stanley | $45 | $220.63 |
Total: $254.18M |
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Number of follow-on offerings in January: 3 |
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Average value of January follow-ons: $84.73M |
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Number of follow-on offerings in 2003: 3 |
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Total raised in follow-ons in 2003: $254.18M |
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Average value of follow-ons in 2003: $84.73M |
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Notes: |
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# Unless otherwise indicated, shares are traded on the Nasdaq exchange. |
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@ This column reflects the shares outstanding following the offering, when disclosed. |
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% Market capitalization calculated is based on the offering price. |
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1. Amylin filed a prospectus in January to its November 2002 shelf registration statement to sell 8.5M shares at $16.60 each. The value includes the sale of 9.2M shares and the exercise of the underwriters' overallotment option for 1.34M shares. |
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2. Antigenics offered 3.45M shares, raising $34.22M. The public offering was conducted at the same time as a private placement with an existing shareholder. The total raised was $62M. The underwriters have an overallotment option for 517,500 shares. |
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3. AtheroGenics raised $45M in an offering that was part of a shelf registration statement filed in November 2002. The underwriters have an overallotment option for 1.08M shares. |
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II. FILED AND PENDING |
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Company (Symbol/ | Date Filed | Shares/ Units (M) | Price Range | Shares Out (M)@ | Lead, | Value (M) |
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INITIAL OFFERINGS |
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MitoKor Inc. | 3/8/02 | N/A | N/A | N/A | RBC Capital Markets; | $60 |
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Stem Genetics | 7/18/02 | 1.5S | $7 | 32.3 | Self-underwritten | $10.5 |
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ViaCell Inc. | 1/30/02 | N/A | N/A | N/A | UBS Warburg; | $115 |
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FOLLOW-ON OFFERINGS |
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Antex Biologics | 11/22/02 | 8U | $0.75 | 20.4 | Roan/Meyers & Associates | $6 |
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Aphton Corp. | 7/8/02 | 5S | $6.50 | 25.1 | N/A | $32.5 |
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Ariad | 1/9/02 | 3S | $5.28 | 35.4 | N/A | $15.84 |
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BioMarin | 12/23/02 | N/A | N/A | N/A | N/A | $150 |
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Biomira Inc. | 5/2/02 | N/A | N/A | 53.4 | N/A | C$150 (US$97.84) |
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Bioxel Pharma | 11/11/02 | N/A | N/A | N/A | Dundee Securities; | N/A |
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Celgene Corp. | 12/21/01 | N/A | N/A | 75.6 | N/A | $500 |
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Cell Genesys | 12/23/02 | N/A | N/A | N/A | N/A | $150 |
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Cell Pathways | 2/7/01 | N/A | N/A | N/A | N/A | $25 |
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Cepheid Inc. | 12/21/01 | N/A | N/A | 26.56 | N/A | $35 |
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Cerus Corp. | 8/13/01 | N/A | N/A | 15.7 | N/A | $300 |
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CollaGenex | 10/26/01 | 0.965S | $8.01 | N/A | Kingsbridge Capital; | $7.7 |
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Cytogen Corp. | 10/26/01 | 10S | $2.50 | 79.8 | N/A | $25 |
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Dendreon Corp. | 1/22/03 | N/A | N/A | N/A | N/A | $75 |
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Dyax Corp. | 4/25/02 | 5S | $3.66 | 19.6 | N/A | $18.3 |
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EntreMed Inc. | 5/10/02 | N/A | N/A | N/A | N/A | $50 |
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Epimmune Inc. | 10/25/02 | 7.25S | $1.32 | 19.4 | Punk Ziegel & Co. | $9.57 |
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Exelixis Inc. | 7/30/01 | N/A | N/A | 49.2 | N/A | $150 |
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Genaera Corp. | 11/21/01 | N/A | N/A | 38.9 | N/A | $50 |
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Genaissance | 10/18/01 | N/A | N/A | 22.8 | N/A | $35 |
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GenVec Inc. | 12/19/02 | N/A | N/A | N/A | N/A | $25 |
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Geron Corp. | 1/30/02 | N/A | N/A | N/A | N/A | $150 |
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Hemispherx | 1/15/03 | 5S | $2.16 | 37.6 | N/A | $10.8 |
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Hollis-Eden | 2/26/02 | 3S | $8.71 | N/A | N/A | $26.13 |
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InSite Vision Inc. | 2/2/01 | N/A | N/A | N/A | Ladenburg Thalmann | $40 |
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Inspire | 1/21/03 | N/A | N/A | N/A | N/A | $100 |
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Lexicon | 11/27/02 | 12S | $3.98 | N/A | N/A | $47.76 |
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Neurogen | 8/16/02 | N/A | N/A | N/A | N/A | $75 |
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Northwest | 6/4/02 | 11S | $3.77 | 17 | C.E. Unterberg, | $41.5 |
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Pharmos | 2/4/02 | N/A | N/A | 56.6 | N/A | $25 |
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SciClone | 11/6/01 | N/A | N/A | N/A | N/A | $20 |
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Spectrum | 1/3/01 | N/A | N/A | 26.9 | N/A | $50 |
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StemCells Inc. | 3/8/02 | 15S | $2.52 | 25.8 | N/A | $37.8 |
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Targeted | 12/13/01 | 8.84S | $2.57 | N/A | N/A | $22.72 |
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Triangle | 9/25/02 | N/A | N/A | N/A | N/A | $80 |
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Tularik Inc. | 8/14/01 | N/A | N/A | 49.2 | N/A | $250 |
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VaxGen Inc. | 11/7/02 | N/A | N/A | N/A | N/A | $150 |
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Notes: |
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# Unless otherwise indicated, shares are traded on the Nasdaq exchange. |
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* Stock symbols for companies seeking to complete IPOs are proposed. |
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@ This column reflects the shares outstanding following the offering, when disclosed. |
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N/A = Not available, applicable or reported. |
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AMEX = American Stock Exchange; CDNX = Canadian Venture Exchange; TSE = Toronto Stock Exchange |
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1. MitoKor filed for an IPO to raise $60M. |
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2. Stem Genetics filed for an IPO to raise $10.5M. It intends to go public on the Over-the-Counter Bulletin Board, but did not specify a proposed symbol in its SEC filing. |
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3. ViaCell filed a $115M IPO. No further details were disclosed. |
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4. Antex filed a registration statement with the SEC for a proposed public offering of units consisting of one share of common stock and one redeemable stock purchase warrant to purchase one share of common stock. |
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5. Aphton filed a shelf registration statement to sell up to 5M shares at a maximum amount of $6.50 per share. The company privately placed 2.5M shares worth $5M in September 2002. |
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6. Ariad filed a shelf registration statement to sell up to 3M shares. At the Jan. 8, 2002, closing stock price, it would raise $15.84M. |
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7. BioMarin filed a shelf registration statement for the offer and sale by BioMarin of up to $150M of its common stock. |
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8. Biomira filed a $150M shelf prospectus in Canada. |
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9. Bioxel filed a preliminary prospectus for a public offering of common shares in Canada. There will be an overallotment option for 15% of the shares offered. |
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10. Celgene filed a universal shelf registration statement to offer and sell common stock, debt securities and convertible debt securities, up to a total value of $500M. |
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11. Cell Genesys filed a shelf registration statement allowing it to issue, from time to time, up to $150M of securities. |
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12. Cell Pathways filed a shelf registration statement for the sale of $25M in common stock. The company privately placed $4.4M in shares in September 2002. |
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13. Cepheid filed a shelf registration statement to offer and sell up to $35M of its common stock, preferred stock, debt securities and warrants. |
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14. Cerus filed to sell up to $300M of common stock and debt in a shelf offering. |
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15. The value of CollaGenex's proposed offering, $7.7M, is based on the Oct. 26, 2001, closing stock price of $8.01. CollaGenex privately placed 119,335 shares in May 2002, raising $1M. It placed 32,187 shares in June 2002, raising $266,667. |
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16. Cytogen filed to offer 10M shares at about $2.50 each in a shelf registration statement. It privately placed 3M shares in January 2002, and another 4.17M shares in June 2002. |
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17. Dendreon filed a shelf registration statement with the SEC to sell $75M in stock from time to time |
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18. Dyax filed a shelf registration statement to sell up to 5M shares. The value, $18.3M, is based on the April 24, 2002, closing stock price of $3.66. |
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19. EntreMed filed a $50M shelf registration statement, allowing it to offer securities from time to time in the form of common stock, preferred stock or warrants to purchase securities. |
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20. Epimmune filed to sell 7.25M shares at $1.32 per share for $9.57M. |
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21. Exelixis filed a shelf registration statement to sell up to $150M in common stock. |
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22. Genaera filed a universal shelf registration statement for the sale of up to $50M in common stock, preferred stock or warrants to purchase common stock or preferred stock. It privately placed $16.5M in shares in April 2002. |
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23. Genaissance filed a shelf registration statement to offer and sell common stock, preferred stock, debt or warrants, up to a value of $35M. |
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24. GenVec filed a $25M shelf registration statement with the SEC. |
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25. Geron filed a prospectus for the sale of up to $150M in debt securities, common or preferred stock and warrants. |
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26. Hemispherx filed to register 5M shares of common stock. The value, $10.8M, is based on the proposed maximum offering price. |
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27. Hollis-Eden filed a shelf registration statement to sell up to 3M shares and warrants from time to time. The value is based on the proposed maximum offering price. |
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28. InSite filed a shelf registration statement in February 2001 to sell $40M in stock. |
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29. Inspire filed with the SEC a shelf registration statement to allow it to issue shares of common stock up to $100M. |
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30. Lexicon Genetics filed a shelf registration statement with the SEC to sell up to an aggregate of 12M shares of common stock from time to time. The value, $47.76M, is based on the proposed maximum aggregate offering price per share, $3.98. |
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31. Neurogen filed for a $75M universal shelf registration statement. |
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32. Northwest expects to offer 11M shares as part of a lock-up agreement with the underwriter from the company's December 2001 initial public offering. The value, $41.5M, is based on the June 3, 2002, closing stock price of $3.77. |
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33. Pharmos filed a shelf registration statement to sell up to $25M of common stock, preferred stock, debt securities and/or warrants. |
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34. SciClone filed to sell up to $20M in common and preferred stock, debt securities and warrants from time to time through a shelf offering. SciClone privately placed $10.62M in shares in June 2002. |
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35. Spectrum filed a shelf registration statement covering the sale of debt securities, common stock, preferred stock, depository shares or warrants up to $50M. Since May 2001, it has privately placed $27.65M. |
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36. StemCells filed with the SEC to sell up to 15M shares to raise a maximum of $37.8M. Further details were not disclosed. |
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37. Targeted Genetics filed a shelf registration statement for the sale of up to about 8.84M shares of common stock. The value is based on the Jan. 22, 2002, closing stock price of $2.57. |
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38. Triangle filed a shelf registration statement with the SEC to sell up to $80M in common and preferred stock. |
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39. Tularik filed to sell up to $250M in common stock and debt securities. It raised $27.2M in October 2002 with an offering of 4M shares. |
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40. VaxGen filed a shelf registration statement for $150M in common stock, preferred stock, debt securities and warrants. Further details were not disclosed. |