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Immuno-oncology biotech Arcus Biosciences sets terms for $99 million IPO

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Arcus Biosciences, a clinical-stage biotech developing cancer immunotherapies, announced terms for its IPO on Monday.

The Hayward, CA-based company plans to raise $99 million by offering 7.1 million shares at a price range of $13 to $15. At the midpoint of the proposed range, Arcus Biosciences would command a fully diluted market value of $600 million.

Arcus Biosciences was founded in 2015 and booked $1 million in revenue for the 12 months ended December 31, 2017. It plans to list on the NYSE under the symbol RCUS. Citi, Goldman Sachs and Leerink Partners are the joint bookrunners on the deal. It is expected to price during the week of March 12, 2018.

The article Immuno-oncology biotech Arcus Biosciences sets terms for $99 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, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , 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.


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

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