Date: 2017-09-26
Type of information: Private placement
Company: Juno Therapeutics (USA - WA)
Investors:
Amount: $318.7 million
Funding type: private placement
Planned used:
Others:
- • On September 26, 2017, Juno Therapeutics announced the closing of its follow-on public offering of 7,015,000 shares of its common stock at a price to the public of $41.00 per share, which includes the exercise in full by the underwriters of the offering of their option to purchase up to an additional 915,000 shares of common stock. Concurrent with the closing of the follow-on public offering, Juno closed a private placement of 758,327 shares of its common stock, at a price of $41.00 per share, to a subsidiary of Celgene. Aggregate gross proceeds from the follow-on public offering and concurrent private placement, before deducting underwriting discounts and commissions, in the case of the follow-on public offering, and expenses payable by Juno were approximately $318.7 million.
- • On September 21, 2017, Juno Therapeutics announced the pricing of its follow-on public offering of 6,100,000 shares of its common stock at a price to the public of $41.00 per share. In addition, Juno has granted the underwriters a 30-day option to purchase up to an additional 915,000 shares of common stock. Juno intends to use the net proceeds of the offering for general corporate purposes and working capital. The offering is expected to close on September 26, 2017, subject to customary closing conditions. Concurrent with the completion of the follow-on public offering, Juno will complete a private placement of 659,415 shares of its common stock, at a price of $41.00 per share, to a subsidiary of Celgene Corporation. Aggregate gross proceeds from the follow-on public offering and concurrent private placement, before deducting underwriting discounts and commissions, in the case of the follow-on public offering, and expenses payable by Juno will be $277.1 million (or approximately $318.7 million if the underwriters exercise their option to purchase additional shares in full).
- • On September 20, 2017, Juno Therapeutics announced the launch of a proposed follow-on public offering of $225 million of shares of its common stock. In addition, Juno expects to grant the underwriters a 30-day option to purchase up to an additional $33.75 million of shares of its common stock. Juno intends to use the net proceeds of the offering for general corporate purposes and working capital.
- Morgan Stanley and J.P. Morgan will act as joint book-running managers for the offering. Barclays and Leerink Partners will act as co-lead managers and Wells Fargo Securities, Raymond James and Wedbush PacGrow will act as co-managers.
Therapeutic area: Cancer - Oncology
Is general: Yes
