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TECX News

US IPO Weekly Recap: Biotechs boom in a 13-deal torrent

AUTL

10 IPOs brought in $1.3 billion this past week, along with 3 SPACs raising $540 million. With a flood of biotechs, most of the IPOs this week had heavy insider buying, and no revenue. They traded very well, however, averaging a 27% gain. The week's worst IPO...read more

Gene therapy biotech AVROBIO prices upsized IPO above the range at $19

Tectonic Therapeutics (AVROBIO) logo

AVROBIO, which is developing stem cell gene therapies to cure rare lysosomal storage diseases, raised $100 million by offering 5.25 million shares at $19, above the proposed range. It had originally planned to raise $75 million by offering 4.4 million...read more

US IPO Week Ahead: Health care deals lead 11-IPO week

EIDX

Helped by a strong market, the steady stream of June IPOs should continue in the week ahead with eleven companies scheduled to raise a combined $1.4 billion. SMB payments processor i3 Verticals and triple net lease REIT ...read more

Gene therapy biotech AVROBIO sets terms for $75 million IPO

Tectonic Therapeutics (AVROBIO) logo

AVROBIO, which is developing stem cell gene therapies to cure rare diseases, announced terms for its IPO on Monday. The Cambridge, MA-based company plans to raise $75 million by offering 4.4 million shares at a price range of $16 to $18. Insiders intend to...read more