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Icosavax Kicks Off NASDAQ Debut; Trading Almost 150% Higher On IPO Price Of $15

Icosavax Kicks Off NASDAQ Debut; Trading Almost 150% Higher On IPO Price Of $15
  • Icosavax Inc (NASDAQ: ICVXpriced an upsized $182 million IPO, which had initially penciled in a $100 million raise.
  • The new entry on NASDAQ ended up offering just over 12.1 million shares at $15 apiece. 
  • The majority of the funds ($120 million) are going straight to IVX-A12, a combination vaccine candidate targeting both respiratory syncytial virus (RSV) and human metapneumovirus (hMPV).
  • Icosavax plans on filing an IND for that program in 1H of 2022.
  • The Company has initially been working on a vaccine for just RSV, dubbed IVX-121, which is entering a clinical trial in Belgium later in 2021.
  • Topline data are expected in 1H of 2021.
  • The Company is also working on two COVID-19 vaccine candidates, IVX-411 and IVX-421. The former entered a Phase 1/2 trial in Australia last month, with proof-of-concept data coming in 1H of 2022.
  • ICVX shares were trading at $38.20, up 155% from the IPO price of $15 per share.

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Posted-In: Biotech Long Ideas News Health Care Financing Offerings IPOs Movers

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