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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Pfizer Inc | NYSE:PFE | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.16 | 0.58% | 27.86 | 27.905 | 27.52 | 27.86 | 60,567,753 | 00:59:06 |
By Josh Beckerman
Biopharmaceutical company SpringWorks Therapeutics Inc. (SWTX) said its initial public offering of 9 million shares priced at $18 each.
On Sept. 3, SpringWorks said it expected to offer 7.35 million shares at $16 to $18 each. The expected size was increased to 9 million shares earlier Thursday.
Pfizer Inc. (PFE), which licensed nirogacestat to SpringWorks in 2017, will have a post-IPO stake of about 10.9%, according to a filing. Bain Capital and OrbiMed Advisors will each own about 17%.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
September 12, 2019 18:52 ET (22:52 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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