Nightstar Therapeutics Ltd. (NITE) expects to raise $76 million in an initial public offering on Friday, September 29th, IPO Scoop reports. The company will be issuing 5,400,000 shares at a price of $13.00-$15.00 per share.
The company has a market cap of $393.4 million.
Jefferies, Leerink Partners and BMO Capital Markets acted as the underwriters for the IPO and Wedbush PacGrow and Chardan were co-managers.
Nightstar Therapeutics Ltd. provided the following description of their company for its IPO: “We are a leading clinical-stage gene therapy company focused on developing and commercializing novel one-time treatments for patients suffering from rare inherited retinal diseases that would otherwise progress to blindness. Leveraging our expertise in ophthalmology, gene therapy and drug development, we are developing a pipeline of proprietary product candidates that are designed to substantially modify or halt the progression of inherited retinal diseases for which there are no currently approved treatments. “.
Nightstar Therapeutics Ltd. was founded in 2013 and has 23 employees. The company is located at 215 Euston Road, London NW1 2BE, United Kingdom and can be reached via phone at +44 20 7611 2077 or on the web at http://www.nightstartx.com.
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