11:46 AM
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Aug 31, 2018
 |  BC Week In Review  |  Financial News  |  Proposed Offerings

Sutro proposes $75M IPO

Sutro Biopharma Inc. (South San Francisco, Calif.) proposed on Aug. 29 to raise $75 million in an IPO on NASDAQ underwritten by Cowen, Piper Jaffray, JMP Securities and Wedbush PacGrow.

Concurrent with the proposed IPO, Merck & Co. Inc. (NYSE:MRK) has agreed to purchase up to $10 million...

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