IO Biotech, Inc. (IOBT) Prices 7.15M Share IPO at $14/sh

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Go back to IO Biotech, Inc. (IOBT) Prices 7.15M Share IPO at $14/sh

IO Biotech, Inc. Announces Pricing of Initial Public Offering

November 4, 2021 11:52 PM EDT

WILMINGTON, Del., Nov. 04, 2021 (GLOBE NEWSWIRE) -- IO Biotech, Inc. (Nasdaq: IOBT) (IO Biotech) today announced the pricing of its initial public offering of 7,150,000 shares of its common stock at a public offering price of $14.00 per share, for total gross proceeds of approximately $100.1 million, before deducting underwriting discounts and commissions and offering expenses. The shares are expected to begin trading on The Nasdaq Global Market on November 5, 2021, under the symbol IOBT. The offering is expected to close on November 9, 2021, subject to the satisfaction of customary closing conditions. In addition, IO Biotech has granted the... More