Sutro raises about $95M total in IPO, private placement

Sutro Biopharma Inc. (NASDAQ:STRO) raised $85 million late Sept. 26 through the sale of 5.7 million shares at $15 in an upsized IPO underwritten by Cowen, Piper Jaffray, JMP Securities and Wedbush PacGrow. The price, at the midpoint of its proposed range, values the company at $342.4 million. Sutro proposed last week to sell 5 million shares.

Sutro was up $0.20 to $15.20 on Sept. 27...