BioCentury
ARTICLE | Finance

Tularik: The value will out

October 18, 1999 7:00 AM UTC

Wall Street has speculated for years on what valuation Tularik would go for in an IPO. The company has now provided an answer - and investors will soon give their response.

The company filed on Friday to sell 6.25 million shares at $11-$13, which would raise $68.75-$81.25 million. Depending on the final price, Tularik would sport a market cap of up to $538 million, with 41.4 million shares outstanding. About $111.2 million of that is the cash the company had in the bank at June 30...