I. COMMENCED TRADING IN SEPTEMBER |
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INITIAL OFFERINGS |
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Company | Date | Date | Shares/ | Price | Shares | Lead, Other | Gross | Net |
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There were no initial public offerings in September. |
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Total: $0M |
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Number of IPOs in August: 0 |
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Average value of August IPOs: $0M |
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Number of IPOs for 2001: 7 |
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Total raised in IPOs in 2001: $207.05M |
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Average value of IPOs in 2001: $29.58M |
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FOLLOW-ON OFFERINGS |
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Company | Date | Date | Shares/ | Price | Shares | Lead, Other | Gross | Net |
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AEterna | 8/28 | 9/4 | 1.96S | C$8 (US$5.10) | 32.3 | National Bank Financial Inc.; Dundee Securities Corp.; Desjardins Securities Inc. | C$15.7 (US$10) | C$14.4 (US$9.2) |
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Telik Inc. | 8/20 | 9/28 | 4S | $6.50 | 26.9 | Lehman Brothers Inc.; Legg Mason Wood Walker; UBS Warburg LLC; Lazard Freres & Co. LLC; Needham and Company Inc. | $26 | $24.1 |
Notes: |
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# Unless otherwise indicated, shares are traded on the Nasdaq exchange. |
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TSE = Toronto Stock Exchange |
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1 AEterna's underwriters have an overallotment option for 293,000 shares. |
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2 Telik's offering includes up to 600,000 shares for overallotments. |
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Total: $36M |
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Number of follow-on offerings in September: 2 |
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Average value of September follow-ons: $18 |
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Number of follow-on offerings in 2001: 28 |
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Total raised in follow-ons in 2001: $2,173.47M |
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Average value of follow-ons in 2001: $77.6M |
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II. FILED AND PENDING |
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INITIAL OFFERINGS | ||||||||
Company | Date Filed | Shares/ | Price Range | Shares Out (M) | Lead, Other Underwriters | Value (M) | ||
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AgraQuest Inc. | 8/3 | N/A | N/A | N/A | Merrill Lynch & Co.; Stephens Inc.; First Union Securities Inc. | $75 | ||
APBiotech | 10/3 | 18.2S | $15-17 | 208.6 | Morgan Stanley Dean Witter (co-lead); Goldman, Sachs & Co. (co-lead); Chase H&Q; Salomon Smith Barney | $291.2 | ||
BioNumerik | 3/2 | N/A | N/A | N/A | Morgan Stanley Dean Witter; UBS Warburg LLC; SG Cowen Securities Corp. | $50 | ||
CombiMatrix | 11/22 | N/A | N/A | N/A | Salomon Smith Barney (co-lead); JP Morgan & Co. (co-lead) | $100 | ||
diaDexus Inc. | 11/20 | 7S | $12-14 | 31.1 | Lehman Brothers Inc.; CIBC World Markets Corp.; Robertson Stephens Inc.; Fidelity Capital Markets | $91 | ||
Northwest | 8/13 | N/A | N/A | N/A | C.E. Unterberg, Towbin | $48.3 | ||
Ribapharm | 5/15 | 18S | $13-15 | N/A | UBS Warburg LLC; CIBC World Markets Corp. | $252 | ||
Xcyte | 12/22 | N/A | N/A | N/A | SG Cowen Securities Corp. (co-lead); U.S. Bancorp Piper Jaffray (co-lead); Dain Rauscher Inc.; First Security Van Kasper Inc. | $86.2 | ||
ZymoGenetics | 9/10 | N/A | N/A | N/A | Lehman Brothers Inc. (co-lead); Merrill Lynch & Co. (co-lead); Bear, Stearns & Co. Inc.; Pacific Growth Equities Inc. | $180 | ||
FOLLOW-ON OFFERINGS | ||||||||
Company | Date Filed | Shares/ | Price Range | Shares Out (M) | Lead, Other Underwriters | Value (M) | ||
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Ariad Pharma- | 6/22 | 4.5S | $4.79 | 34.6 | N/A | $21.6 | ||
Cell Pathways | 2/7 | N/A | N/A | N/A | N/A | $25 | ||
Cerus Corp. | 8/13 | N/A | N/A | 15.7 | N/A | $300 | ||
Exelixis Inc. | 7/30 | N/A | N/A | 49.2 | N/A | $150 | ||
ICOS Corp. | 6/26 | N/A | N/A | 53 | N/A | $300 | ||
InSite Vision | 2/2 | N/A | N/A | N/A | Ladenburg Thalmann & Co. (placement agent) | $40 | ||
Matrix Pharma- | 5/25 | N/A | N/A | 26 | N/A | $30 | ||
Microcide Pharma- | 2/12 | N/A | N/A | N/A | N/A | $35 | ||
NeoThera- | 1/3 | N/A | N/A | 20.8 | N/A | $50 | ||
Tularik Inc. | 8/14 | N/A | N/A | 49.2 | N/A | $250 | ||
Valentis | 9/27 | N/A | N/A | 29.9 | N/A | $45 | ||
ViroPharma | 7/3 | N/A | N/A | 18.7 | N/A | $300 | ||
Vysis Inc. | 8/8 | 1S | $25.96 | 11.2 | UBS Warburg LLC; First Union Securities Inc.; Pacific Growth Equities Inc. | $26 | ||
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III. WITHDRAWN AND POSTPONED | ||||||||
INITIAL OFFERINGS | ||||||||
Company | Date Filed/ Date Pulled | Shares/ Units (M) | Price Range | Shares Out (M) | Lead, Other Underwriters | Value (M) | ||
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NetGenics | 3/13/00 | 5.5S | $11-13 | 23.5 | Chase H&Q; UBS Warburg LLC | $66 | ||
Senomyx Inc. | 2/21 | N/A | N/A | 17.4 | Deutsche Banc Alex. Brown; Bear, Stearns & Co. Inc.; CIBC World Markets Corp. | $80 | ||
Notes: | ||||||||
# Unless otherwise indicated, shares are traded on the Nasdaq exchange. | ||||||||
* Stock symbols for companies seeking to complete IPOs are proposed. | ||||||||
N/A = Not available or reported. | ||||||||
AMEX = American Stock Exchange | ||||||||
1 AgraQuest filed a registration statement with the SEC to raise $75M in an IPO. | ||||||||
2 APBiotech's IPO value, $291.2M, is based on the sale of 18.2M shares at $16 each, the midpoint of the expected price range. | ||||||||
3 BioNumerik filed for a $50M IPO. The number of shares to be offered, the price range, and the number of shares outstanding were not disclosed. | ||||||||
4 CombiMatrix did not disclose any further details. | ||||||||
5 diaDexus' IPO value, $91M, is based on the sale of 7M shares at $13, the midpoint of the expected price range. The underwriters have an overallotment option for 1.05M shares. | ||||||||
6 Northwest filed for an IPO expected to raise $48.3M. | ||||||||
7 Ribapharm's IPO originally was proposed in June 2000. The company amended its prospectus on May 15. The value, $252M, is based on the offering of 18M shares at $14 each, the midpoint of the expected price range. The underwriters have an overallotment option for 2.7M shares. | ||||||||
8 Xcyte did not disclose any further details. | ||||||||
9 ZymoGenetics filed to raise $180M in an IPO. | ||||||||
10 Ariad's offering value is based on the proposed maximum offering share price of $4.79. | ||||||||
11 Cell Pathways filed a shelf registration for the sale of $25M in common stock. | ||||||||
12 Cerus filed to sell up to $300M of common stock and debt in a shelf offering. | ||||||||
13 Exelixis filed a shelf registration to sell up to $150M in common stock. | ||||||||
14 ICOS filed a shelf registration statement for up to $300M. | ||||||||
15 InSite filed a shelf registration to sell $40M in stock | ||||||||
16 Matrix filed a shelf registration covering up to $30M in securities. | ||||||||
17 Microcide filed a shelf registration for the sale of up to $35M in securities. | ||||||||
18 NeoTherapeutics filed a shelf registration covering the sale of debt securities, common stock, preferred stock, depository shares or warrants up to $50M. The company amended its prospectus April 19. In May, the company raised $6M in a private placement. In August, the company privately placed 600,000 shares, raising $2.01M. | ||||||||
19 Tularik filed to sell up to $250M in common stock and debt securities. | ||||||||
20 Valentis filed to sell up to $45M worth of equity warrants, preferred and common stock through a shelf registration statement. | ||||||||
21 ViroPharma filed a universal shelf registration for $300M in mixed securities. | ||||||||
22 Vysis registered to sell 4M shares, 3M of which will be sold by shareholder BP plc. The value of the offering, $26M, is based on the closing stock price of $25.96 on Aug. 7. The underwriters have an overallotment option for 600,000 shares. | ||||||||
23 NetGenics withdrew its IPO due to market conditions. | ||||||||
24 Senomyx withdrew its IPO due to market conditions. |