NextCure Announces Pricing of Initial Public Offering of Common Stock
May 08 2019 - 8:46PM
NextCure, Inc. (Nasdaq: NXTC), a clinical-stage biopharmaceutical
company committed to discovering and developing novel,
first-in-class immunomedicines to treat cancer and other
immune-related diseases, today announced the pricing of its initial
public offering of 5,000,000 shares of its common stock at a public
offering price of $15.00 per share. NextCure also granted the
underwriters a 30-day option to purchase up to an additional
750,000 shares of its common stock. NextCure’s common stock has
been approved for listing and is expected to begin trading on The
Nasdaq Global Select Market on May 9, 2019 under the ticker symbol
“NXTC”. Gross proceeds from the offering, before deducting
underwriting discounts and commissions and estimated offering
expenses, will be $75.0 million, excluding any exercise of the
underwriters' option to purchase additional shares. The offering is
expected to close on or about May 13, 2019, subject to the
satisfaction of customary closing conditions.
Morgan Stanley, BofA Merrill Lynch and Piper Jaffray & Co.
are acting as joint book-running managers for the offering.
A registration statement relating to the shares being sold in
the offering was declared effective by the Securities and Exchange
Commission (SEC) on May 8, 2019. The offering is being made only by
means of a prospectus. Copies of the final prospectus, when
available, may be obtained by visiting EDGAR on the SEC’s website
at www.sec.gov or from: Morgan Stanley & Co. LLC, Attention:
Prospectus Department, 180 Varick Street, 2nd Floor, New York, New
York 10014; BofA Merrill Lynch, NC1-004-03-43, 200 North College
Street, 3rd floor, Charlotte, North Carolina 28255-0001, Attn:
Prospectus Department, or by email at
dg.prospectus_requests@baml.com; or Piper Jaffray & Co., 800
Nicollet Mall, J12S03, Minneapolis, Minnesota, 55402, Attention:
Prospectus Department, by telephone at (800) 747-3924 or by email
at prospectus@pjc.com.
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 other jurisdiction in which such
offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
state or other jurisdiction.
About NextCure, Inc.NextCure is a
clinical-stage biopharmaceutical company committed to discovering
and developing novel, first-in-class immunomedicines to treat
cancer and other immune-related diseases.
Investor Inquiries
Timothy Mayer, Ph.D.
NextCure, Inc.
SVP, Corporate Development
(240) 762-6486
IR@nextcure.com
Media Inquiries
Shai Biran, Ph.D.
MacDougall
(781) 235-3060
sbiran@macbiocom.com
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