ARTICLE | Financial News

Odonate raises $150M IPO

December 14, 2017 2:12 AM UTC

Odonate Therapeutics Inc. (NASDAQ:ODT) raised $150 million late Dec. 6 through the sale of 6.3 million shares at $24 in an IPO underwritten by Goldman Sachs, Jefferies and Cowen. The IPO price values the company at $645.4 million.

The company filed in November to raise up to $182.6 million through the sale of 6.8 million shares at $24-$27. At the $25.50 midpoint, a sale of that many shares would have raised $172.4 million...