Cancer biotech Ignyta sets terms for $40 million IPO

By
A A A

Ignyta, a clinical-stage biotech developing targeted cancer therapeutics, announced terms for its IPO on Friday. The San Diego, CA-based company plans to raise $40 million by offering 4.4 million shares at $9.10. At that price, Ignyta would command a fully diluted market value of $172 million. Ignyta was founded in 2011 and plans to list on the NASDAQ under the symbol RXDX. Its is currently traded on the OTC market under the same ticker. Leerink Partners is the sole bookrunner on the deal. It is expected to price the week of March 10.




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



This article appears in: News Headlines , IPOs

Referenced Stocks: RXDX

Renaissance Capital

Renaissance Capital

More from Renaissance Capital:

Related Videos

Stocks

Referenced

Most Active by Volume

100,376,898
  • $17.62 ▲ 0.51%
83,231,837
  • $25.62 ▲ 1.91%
75,739,329
  • $111.78 ▼ 0.77%
65,297,937
  • $36.37 ▼ 1.76%
59,053,093
  • $47.66 ▲ 0.29%
53,482,350
  • $2.59 ▼ 0.38%
51,504,284
  • $7.34 ▲ 2.37%
51,434,656
  • $8.14 ▲ 6.96%
As of 12/19/2014, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com