ARTICLE | Financial News
Evelo raises $85M in IPO
May 9, 2018 3:41 PM UTC
Microbiome company Evelo Biosciences Inc. (NASDAQ:EVLO) raised $85 million through the sale of 5.3 million shares at $16 in an IPO underwritten by Morgan Stanley, Cowen, BMO Capital Markets and JMP Securities. Evelo added $0.25 to $16.25 on Wednesday.
Evelo priced the offering at the midpoint of its proposed range of $15-$17. The price valued the company at $509.9 million...
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