Gossamer Bio, which is developing immunology-based therapeutics for several indications, filed on Friday with the SEC to raise up to $265 million in an initial public offering.
Gossamer's initial filing comes on the heels of an IPO from another large biotech, Moderna (MRNA), which finished Friday at $14.47 (-37% below issue).
The San Diego, CA-based biotech was founded in 2015 and commenced operations in 2017. The pre-revenue company booked a net loss of $7 million during 2017, and a net loss of $108 million during the nine months ended September 30, 2018.
Gossamer plans to list on the Nasdaq under the symbol GOSS. It filed confidentially on October 11, 2018. BofA Merrill Lynch, Leerink Partners, Barclays and Evercore ISI are the joint bookrunners on the deal. No pricing terms were disclosed.
