Renaissance Capital logo

Schrödinger prices IPO at $17, above the range

February 5, 2020
Schrödinger logo

Schrödinger, which provides a software platform for life sciences and materials research, raised $202 million by offering 11.9 million shares at $17, above the range of $14 to $16. Schrödinger plans to list on the Nasdaq under the symbol SDGR. Morgan Stanley, BofA Securities, Jefferies and BMO Capital Markets acted as lead managers on the deal.