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Wednesday, July 15, 2020

Relay Therapeutics upsizes IPO again

Relay Therapeutics (RLAY) has filed another preliminary prospectus, this time for an IPO of 20M common shares at $18 – 19. Gross proceeds should be ~$370M at the midpoint.
It first filed for a $200M debut on June 25 then followed with another filing on July 9 for an offering of 14.7M shares at $16 – 18 (~$250M at midpoint).

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