Botox biotech Revance Therapeutics sets terms for $75 million IPO


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Revance Therapeutics, a clinical-stage biotech developing enhanced formulations of botulinum toxin (Botox), announced terms for its IPO on Monday. The Newark, CA-based company plans to raise $75 million by offering 5.0 million shares at a price range of $14 to $16. At the midpoint of the proposed range, Revance Therapeutics would command a market value of $253 million.

Revance Therapeutics, which was founded in 1999, plans to list on the NASDAQ under the symbol RVNC. Revance Therapeutics initially filed confidentially on April 19, 2013. Cowen & Company and Piper Jaffray are the joint bookrunners on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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