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Wednesday, April 3, 2019

NASH biotech NGM Biopharmaceuticals prices IPO at $16, high end of range

NGM Biopharmaceuticals, a Phase 2 biotech developing therapies for NASH and type 2 diabetes, raised $107 million by offering 6.7 million shares at $16, the high end of the range of $14 to $16. NGM Biopharmaceuticals plans to list on the Nasdaq under the symbol NGM. Goldman Sachs, Citi and Cowen acted as lead managers on the deal.

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