Neon Therapeutics Announces Pricing of Initial Public Offerings

Neon Therapeutics (Nasdaq:NTGN), a clinical-stage immuno-oncology company developing neoantigen-based therapeutics, today announced the pricing of its initial public offering of 6,250,000 shares of common stock at a public offering price of $16.00 per share, before underwriting discounts and commissions.

As quoted in the press release:

In addition, Neon Therapeutics has granted the underwriters a 30-day option to purchase up to an additional 937,500 shares of common stock at the initial public offering price, less the underwriting discounts and commissions. Neon’s common stock is expected to begin trading on The Nasdaq Global Select Market on June 27, 2018 under the ticker symbol “NTGN.” All of the common stock is being offered by Neon Therapeutics. The gross proceeds of the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Neon, are expected to be $100.0 million, excluding any exercise of the underwriters’ option to purchase additional shares. The offering is expected to close on June 29, 2018, subject to the satisfaction of customary closing conditions

Click here to read the full press release.