Renaissance Capital logo

PFNX News

Year's fourth eye-focused biotech EyeGate Pharmaceuticals sets terms for $25 million IPO

EyeGate Pharmaceuticals, a late-stage biotech developing a treatment for eye inflammation, announced terms for its IPO on Friday. The Waltham, MA-based company plans to raise $25 million by offering 2.0 million shares at a price range of $12 to $14. Insiders...read more

US IPO Pricing Recap: The crazy chicken flies while 8 IPOs trade down or flat

This week's 10 IPOs largely disappointed as 70% were forced to price below the proposed range and 80% closed the week up 1% or less. Before this week, only 36% of IPOs this year had first-day pops of 1% or less. The enthusiasm for last week's ...read more

Thursday saw four IPOs raise under $100 million; two broke issue

Two of the four IPOs on Thursday broke issue after pricing below the range. Less than a quarter of IPOs in the past three months have traded down on the first day.  The top performer, Intersect ENT (XENT), priced at the low end and gained 18%. The...read more

Biotech Pfenex prices IPO at $6, below downwardly revised $8 expectation

Pfenex, which is developing a biosimilar version of Roche’s Lucentis treatment for wet AMD, raised $50 million by offering 8.3 million shares at $6, below its downwardly revised $8 price expectation. The San Diego, CA-based company had initially planned to...read more