BioCentury
ARTICLE | Finance

Building Sosei’s base

Why Sosei sought out international, institutional investors for its latest raise

January 5, 2018 10:25 PM UTC

Sosei Group Corp. (Tokyo:4565) is tipping the scales towards international, institutional investors as it looks to build a shareholder base that can support the biotech as it begins to bring its first internally discovered candidates into the clinic.

The company raised ¥22.4 billion ($199 million) in November through the sale of 2.1 million shares at ¥10,800 in a follow-on offering open exclusively to institutional investors outside of Japan. ...