Immuno-oncology biotech Kite Pharma sets terms for $78 million IPO

A generic image of a dollar bill on top of a chart Credit: Shutterstock photo

Kite Pharma, a biotech developing a cancer drug that utilizes the immune system, announced terms for its IPO on Wednesday. The Santa Monica, CA-based company plans to raise $78 million by offering 6.0 million shares at a price range of $12 to $14. At the midpoint of the proposed range, Kite Pharma would command a fully diluted market value of $548 million.

Kite Pharma, which was founded in 2009, plans to list on the NASDAQ under the symbol KITE. The company initially filed confidentially on April 4, 2014. Jefferies, Credit Suisse and Cowen & Company 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.


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

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.