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UPDATE 1-Globeimmune files for $69 mln IPO
July 2, 2012 / 10:21 PM / 5 years ago

UPDATE 1-Globeimmune files for $69 mln IPO

* Wells Fargo Securities, Piper Jaffray and JMP Securities underwriting IPO

* Plans to list on the Nasdaq under the symbol “GBIM”

July 2 (Reuters) - Biopharmaceutical company Globeimmune Inc filed with regulators to raise up to $69 million in an initial public offering of its common shares.

Wells Fargo Securities, Piper Jaffray and JMP Securities are underwriting the IPO, Globeimmune said in a filing with the U.S. Securities and Exchange Commission.

Globeimmune, which is partially owned by a unit of biotechnology company Celgene Corp, said it has filed an application for its common stock to be listed on the Nasdaq under the symbol “GBIM.”

The Louisville, Colorado based-company has a strategic collaboration with Celgene for all cancer-related treatments, and with Gilead Sciences Inc for chronic hepatitis B virus.

The filing did not reveal the number of shares the company plans to sell or their expected price.

The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO could be different.

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