ARMO BioSciences (ARMO) IPO Opens Up 65%

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Go back to ARMO BioSciences (ARMO) IPO Opens Up 65%

ARMO BioSciences Announces Pricing of Initial Public Offering

January 25, 2018 9:09 PM EST

REDWOOD CITY, Calif., Jan. 25, 2018 /PRNewswire/ -- ARMO BioSciences, Inc. ("ARMO"), a late-stage immuno-oncology company, today announced the pricing of its initial public offering of 7,529,412 shares of its common stock at a price to the public of $17.00 per share for total gross proceeds of approximately $128.0 million. The shares are expected to begin trading on The Nasdaq Global Select Market on January 26, 2018 under the ticker symbol "ARMO." The offering is expected to close on January 30, 2018, subject to customary closing conditions.

In addition, ARMO has granted the underwriters a 30-day option to purchase up to an additional... More