IPO Outlook For The Week: Banks And Biotechs


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For a more comprehensive IPO calendar, check out the offering in Benzinga Cloud. The IPO dates below are expected but not confirmed.

ADC Therapeutics SA (NYSE:ADCT) will issue nearly 8.2 million shares between $23 and $26 Thursday on the New York Stock Exchange. The offering represents 11.1% of outstanding shares and is expected to raise about $244.1 million. The clinical-stage biotech company develops therapies for solid tumors and hematological cancers.

Aprea Therapeutics, Inc. (NASDAQ:APRE) will issue 5 million shares between $14 and $16 Thursday on the Nasdaq. The offering represents 26% of outstanding shares and is expected to raise about $92 million. With operations in Boston and Sweden, the biopharmaceutical company develops protein therapies for acute myeloid leukemia, myelodysplastic syndromes and other oncological indications.

Frequency Therapeutics, Inc. (NASDAQ:FREQ) will issue 6.7 million shares between $14 and $16 Thursday on the Nasdaq. The offering represents 21.5% of outstanding shares and is expected to raise about $123.3 million. The clinical-stage company produces therapies for degenerative diseases like multiple sclerosis and sensorineural hearing loss.

Metrocity Bankshares, Inc. will issue more than 1.9 million shares between $14.50 and $16.50 Thursday on the Nasdaq. The offering represents 7.7% of outstanding shares and is expected to raise about $36.8 million. Headquartered in Georgia, the financial services company supports personal and business banking through 10 locations in Georgia, Alabama and Florida.

Viela Bio, Inc. (NASDAQ:VIE) will issue 7.5 million shares between $19 and $21 Thursday on the Nasdaq. The offering represents 15.2% of outstanding shares and is expected to raise about $181.1 million. The Maryland biotech company develops therapies for autoimmune and inflammatory diseases.

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Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: NewsPreviewsIPOsTrading IdeasADC TherapeuticsAprea TherapeuticsFrequency TherapeuticsMetrocity BanksharesViela Bio