Structure Therapeutics Inc. has set terms for its initial public offering (IPO), as the California-based biopharmaceutical company developing oral...
Structure Therapeutics Inc. has set terms for its initial public offering , as the California-based biopharmaceutical company developing oral therapeutics looks to raise up to $134.25 million. The company is offering 8.95 million American depositary shares , representing 26.85 million ordinary shares, in the IPO, which is expected to price between $13 and $15 per ADS. With 104.
The company is offering 8.95 million American depositary shares , representing 26.85 million ordinary shares, in the IPO, which is expected to price between $13 and $15 per ADS. With 104.39 million ordinary shares expected to be outstanding after the IPO, the expected pricing would value the company at about $521.97 million. The stock is expected to trade on the Nasdaq exchange under the ticker symbol “GPCR.
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