Platelet biotech Dova Pharmaceuticals sets terms for $65 million …

Dova Pharmaceuticals, which is commercializing an acquired drug candidate for low blood platelets, announced terms for its IPO on Monday.

The Durham, NC-based company plans to raise $65 million by offering 4.1 million shares at a price range of $15 to $17. Insiders intend to purchase $25 million worth of shares in the offering. At the midpoint of the proposed range, Dova Pharmaceuticals would command a fully diluted market value of $415 million.

Dova Pharmaceuticals was founded in 2016 and plans to list on the Nasdaq under the symbol DOVA. J.P. Morgan, Jefferies and Leerink Partners are the joint bookrunners on the deal. It is expected to price during the week of June 26, 2017.

The article Platelet biotech Dova Pharmaceuticals sets terms for $65 million IPO originally appeared on IPO investment manager Renaissance Capital’s web site

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital’s research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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