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Cibus announces launch of initial public offering
Feb. 5, 2019
Cibus
United StatesFollow
United StatesCibus Global, Ltd. (Cibus) announced the launch of its underwritten initial public offering (IPO) of 6,666,667 shares of its Class A common stock pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission (SEC). The IPO price is expected to be between $14.00 and $16.00 per share. Cibus has applied to list its Class A common stock on the Nasdaq Global Market under the trading symbol “CBUS.” Cibus will grant the underwriters a 30-day option to purchase up to an additional 1,000,000 shares of Class A common stock to cover overallotments at the IPO price less underwriting discounts and commissions.
Cibus intends to use the net proceeds from the offering to fund research and development, to build its commercial capabilities and for working capital and general corporate purposes.
Morgan Stanley and BofA Merrill Lynch are acting as joint book-running managers for the offering, Piper Jaffray is acting as passive book-running manager and BMO Capital Markets is acting as co-manager.
Source: Cibus
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