other material
confidence high
sentiment neutral
materiality 0.50
Xencor closes public offering of 8.1M shares at $18, raising ~$201M in gross proceeds
Xencor Inc
- Offering included 8,093,712 shares at $18.00/share and pre-funded warrants for 3,088,888 shares at $17.99/warrant.
- Gross proceeds of ~$201.3M; net proceeds for R&D, capex, working capital, and general corporate purposes.
- Underwriters exercised in full their option to purchase 1,458,600 additional shares.
- Leerink Partners, Raymond James, and RBC Capital Markets acted as joint book-running managers; Wedbush PacGrow as co-manager.