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Pediatric cancer biotech Y-mAbs Therapeutics prices upsized IPO at $16 high end

September 20, 2018
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Y-mAbs Therapeutics, a Phase 2 biotech developing monoclonal antibody therapies for pediatric cancers, raised $96 million by offering 6.0 million shares at $16, the high end of the $14 to $16 range. The company had originally planned to raise $80 million by selling 5.3 million shares.

Y-mAbs Therapeutics plans to list on the Nasdaq under the symbol YMAB. BofA Merrill Lynch and Cowen acted as lead managers on the deal.