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The IPO Buzz: Belgian Biotech AgomAb Therapeutics Launches $200 Million IPO

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AgomAb Therapeutics (AGMB Proposed) of Belgium is the latest healthcare deal to join next week’s growing IPO Calendar. The company disclosed the terms for its $200 million IPO early today in an SEC filing: 12.5 million American Depositary Shares (ADS) at a price range of $15.00 to $17.00 to raise $200 million – if priced at the $16.00 mid-point of its range. This is a NASDAQ listing. (Please see the IPO Calendar for the pricing date.)

At pricing, AgomAb Therapeutics would have a market cap of  $779.79 million.

J.P. Morgan, Morgan Stanley, Leerink Partners and Van Lanschot Kempen are the joint book-runners.

The company, based in Antwerp, is raising money to fund Phase 2 clinical trials of its two leading drug candidates: ontunisertib (AGMB-129), a pill to treat people with Crohn’s disease with fibrostenosis, and AGMB-447, an inhaled treatment for people with idiopathic pulmonary fibrosis (IPF).

The IPO Calendar next week includes two other IPOs from the healthcare sector:

  • Eikon Therapeutics (EIKN Proposed), a clinical biotech developing treatments for advanced melanoma, non-small cell lung cancer (NSCLC), ovarian cancer and breast cancer, with lead book-runners J.P. Morgan and Morgan Stanley, and
  • Vendermics (MANE Proposed), a clinical biotech developing minoxidil to treat pattern hair loss in men and women, with lead book-runners Jefferies and Leerink.


Source: https://www.iposcoop.com/the-ipo-buzz-belgian-biotech-agomab-therapeutics-launches-200-million-ipo/


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