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A gut feeling: Evelo Biosciences files for a $100 million IPO


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Evelo Biosciences, which is developing microbial therapies that act on the gut to treat inflammatory diseases, filed on Friday with the SEC to raise up to $100 million in an initial public offering.

The Cambridge, MA-based company was founded in 2014 and plans to list on the Nasdaq under the symbol EVLO. Evelo Biosciences filed confidentially on March 5, 2018. Morgan Stanley, Cowen & Company and BMO Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.

The article A gut feeling: Evelo Biosciences files for a $100 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

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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