Market Overview

IGM Biosciences Opens Above IPO Price

Share:

IGM Biosciences (NASDAQ: IGMS) made its public debut Wednesday morning, opening at $18.31 after being priced at $16 per share.

The company's shares are listed on the Nasdaq under the ticker symbol "IGMS."

See Also: IGM Biosciences IPO: What You Need To Know

Invest in IPO shares before the stock hits the market with ClickIPO. Check it out here

IGM is a biotech company involved in the development of engineering IgM antibodies for the treatment of cancer patients. The IgM antibodies, according to the company, have the tendency to bind more strongly to cancer cells than comparable IgG antibodies.

The company's lead product candidate IGM-2323 is a bispecific T cell engaging IgM antibody targeting CD20 and CD3 proteins. It's planning to dose the first patient in a Phase 1 trial of IGM-2323 in relapsed/refractory B cell Non-Hodgkin's lymphoma patients in 2019.

Jefferies, Piper Jaffray, Stifel and Guggenheim Securities are the underwriters for the offering.

Posted-In: News IPOs

 

Related Articles (IGMS)

View Comments and Join the Discussion!

Guggenheim: Roku Growth Story Has More Fuel

NY Fed Props Up Overnight Lending For First Time Since 2008