Date: 2016-09-23
Type of information: IPO
Company: AC Immune (Switzerland)
Investors:
Amount: $57.8 million
Funding type: IPO
Planned used: PRESS RELEASE 1 / 2 AC Immune Announces Pricing of Upsized Initial Public Offering Lausanne, Switzerland – September 23, 2016 - AC Immune SA announced today the pricing of its initial public offering of 6,000,000 of its common shares at the initial public offering price of $11.00 per common share. This represents a 32% increase in the offering size relative to the originally announced amount of 4,545,456 common shares. In addition, AC Immune has granted the underwriters for the offering an option to purchase up to 900,000 additional common shares to cover over-allotments. After deducting the underwriting discounts and other estimated offering expenses, the net proceeds of the initial public offering are expected to be approximately $57.8 million. The offering is expected to close on or about September 28, 2016, subject to customary closing conditions. AC Immune’s common shares have been approved for listing on the NASDAQ and are expected to begin trading under the ticker symbol "ACIU" on September 23, 2016. Credit Suisse Securities (USA) LLC, Jefferies LLC and Leerink Partners LLC are acting as joint book-running managers for the proposed offering. A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission on September 22, 2016. The offering is being made only by means of a prospectus, copies of which may be obtained from: Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, Eleven Madison Avenue, New York, NY 10010, by telephone at 1-800-221-1037, or by email at newyork.prospectus@credit-suisse.com; from Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by emailing Prospectus_Department@Jefferies.com, or by calling (877) 547-6340; or from Leerink Partners LLC, Attention: Syndicate Department, One Federal Street, 37th Floor, Boston, MA 02110 or by email at syndicate@leerink.com, or by calling (800) 808-7525 ex. 6142. 1 / 2 AC IMMUNE COMMENCES PROPOSED INITIAL PUBLIC OFFERING OF COMMON SHARES Lausanne, Switzerland – September 13, 2016 - AC Immune SA announced today that it has commenced the initial public offering of 4,545,456 of its common shares pursuant to a registration statement on Form F-1 with the U.S. Securities and Exchange Commission. In connection with the offering, AC Immune intends to grant the underwriters the option to purchase up to 681,818 additional common shares to cover over-allotments, if any. The estimated price range for the initial public offering is $11.00 to $13.00 per common share. AC Immune has applied to list its common shares on the NASDAQ under the ticker symbol “ACIU.” Credit Suisse Securities (USA) LLC, Jefferies LLC and Leerink Partners LLC will act as joint book-running managers for the proposed offering. This offering will be made only by means of a prospectus. A copy of the preliminary prospectus, when available, may be obtained from Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, Eleven Madison Avenue, New York, NY 10010, by telephone at 1-800-221-1037, or by email at newyork.prospectus@credit-suisse.com; from Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by emailing Prospectus_Department@Jefferies.com, or by calling (877) 547-6340; or from Leerink Partners LLC, Attention: Syndicate Department, One Federal Street, 37th Floor, Boston, MA 02110 or by email at syndicate@leerink.com, or by calling (800) 808-7525 ext.6142 . A registration statement on Form F-1 relating to the proposed offering has been filed with the SEC but has not yet become effective. The common shares to be registered may not be sold nor may offers to buy be accepted prior to the time when the registration statement becomes effective. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. E-mail: edagne@comstratgroup.com
Others:
Therapeutic area: Neurological diseases - CNS diseases
