IOBT IO Biotech Inc.

7.61
+0.31  (+4%)
Previous Close 7.3
Open 7.32
52 Week Low 6.75
52 Week High 17.88
Market Cap $211,122,457
Shares 27,742,767
Float 15,710,235
Enterprise Value $225,399,199
Volume 42,131
Av. Daily Volume 55,466
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Latest News

  1. WILMINGTON, Del., Nov. 09, 2021 (GLOBE NEWSWIRE) -- IO Biotech, Inc. (NASDAQ:IOBT) ("IO Biotech") today announced the closing of its initial public offering of 8,222,500 shares of its common stock, including the exercise in full by the underwriters' option to purchase 1,072,500 additional shares of common stock,] at the initial public offering price of $14.00 per share. The gross proceeds to IO Biotech, before deducting underwriting discounts and commissions and offering expenses, were approximately $115.1 million. The shares began trading on The Nasdaq Global Market November 5, 2021, under the symbol "IOBT."

    Morgan Stanley, Jefferies and Cowen acted as joint lead book-running managers for the offering. Kempen & Co acted as lead co-manager…

    WILMINGTON, Del., Nov. 09, 2021 (GLOBE NEWSWIRE) -- IO Biotech, Inc. (NASDAQ:IOBT) ("IO Biotech") today announced the closing of its initial public offering of 8,222,500 shares of its common stock, including the exercise in full by the underwriters' option to purchase 1,072,500 additional shares of common stock,] at the initial public offering price of $14.00 per share. The gross proceeds to IO Biotech, before deducting underwriting discounts and commissions and offering expenses, were approximately $115.1 million. The shares began trading on The Nasdaq Global Market November 5, 2021, under the symbol "IOBT."

    Morgan Stanley, Jefferies and Cowen acted as joint lead book-running managers for the offering. Kempen & Co acted as lead co-manager for the offering.

    The offering was made only by means of a prospectus. A copy of the final prospectus may be obtained from Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus Department, or by email at ; Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone at (877) 821-7388 or by email at ; and Cowen and Company, LLC, c/o Broadridge Financial Solutions, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717, Phone: +1-833-297-2926, Email: .

    A registration statement relating to the shares being sold in this offering has been filed with, and declared effective by, the U.S. Securities and Exchange Commission.

    This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, 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 of these securities under the securities laws of any such state or other jurisdiction.

    About IO Biotech, Inc.

    IO Biotech is a clinical-stage biopharmaceutical company developing novel, immune-modulating cancer therapies based on its T-win® technology platform. The T-win® platform is a novel approach to cancer immunotherapy designed to activate naturally occurring T cells to target immunosuppressive mechanisms. IO Biotech is advancing in clinical studies its lead immuno-oncology candidate, IO102-IO103, targeting IDO and PD-L1, and through clinical and preclinical development its other pipeline candidates. IO Biotech is headquartered in Copenhagen, Denmark.

    Company Contacts:

    Mai-Britt Zocca, Ph.D.

    CEO and founder of IO Biotech

    Keith Vendola, M.D.

    CFO

    IO Biotech, Inc.

    Investor Inquiries:

    Corey Davis, Ph.D.

    LifeSci Advisors

     



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  2. WILMINGTON, Del., Nov. 04, 2021 (GLOBE NEWSWIRE) -- IO Biotech, Inc. (NASDAQ:IOBT) ("IO Biotech") today announced the pricing of its initial public offering of 7,150,000 shares of its common stock at a public offering price of $14.00 per share, for total gross proceeds of approximately $100.1 million, before deducting underwriting discounts and commissions and offering expenses. The shares are expected to begin trading on The Nasdaq Global Market on November 5, 2021, under the symbol "IOBT." The offering is expected to close on November 9, 2021, subject to the satisfaction of customary closing conditions. In addition, IO Biotech has granted the underwriters a 30-day option to purchase up to an additional 1,072,500 shares of common stock at…

    WILMINGTON, Del., Nov. 04, 2021 (GLOBE NEWSWIRE) -- IO Biotech, Inc. (NASDAQ:IOBT) ("IO Biotech") today announced the pricing of its initial public offering of 7,150,000 shares of its common stock at a public offering price of $14.00 per share, for total gross proceeds of approximately $100.1 million, before deducting underwriting discounts and commissions and offering expenses. The shares are expected to begin trading on The Nasdaq Global Market on November 5, 2021, under the symbol "IOBT." The offering is expected to close on November 9, 2021, subject to the satisfaction of customary closing conditions. In addition, IO Biotech has granted the underwriters a 30-day option to purchase up to an additional 1,072,500 shares of common stock at the initial public offering price, less underwriting discounts and commissions.

    Morgan Stanley, Jefferies and Cowen are acting as joint lead book-running managers for the offering. Kempen & Co is acting as lead co-manager for the offering.

    The offering is being made only by means of a prospectus. When available, a copy of the final prospectus may be obtained from Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus Department, or by email at ; Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone at (877) 821-7388 or by email at ; and Cowen and Company, LLC, c/o Broadridge Financial Solutions, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717, Phone: +1-833-297-2926, Email: .

    A registration statement relating to the shares being sold in this offering has been filed with, and declared effective by, the U.S. Securities and Exchange Commission.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification of these securities under the securities laws of any such state or jurisdiction.

    About IO Biotech, Inc.

    IO Biotech is a clinical-stage biopharmaceutical company developing novel, immune-modulating cancer therapies based on its T-win® technology platform. The T-win® platform is a novel approach to cancer immunotherapy designed to activate naturally occurring T cells to target immunosuppressive mechanisms. IO Biotech is advancing in clinical studies its lead immuno-oncology candidate, IO102-IO103, targeting IDO and PD-L1, and through clinical and preclinical development its other pipeline candidates. IO Biotech is headquartered in Copenhagen, Denmark.

    Company Contacts:

    Mai-Britt Zocca, Ph.D.

    CEO and founder of IO Biotech

    Keith Vendola, MD

    Chief Financial Officer

    IO Biotech, Inc.

    Investor Inquiries:

    Corey Davis

    LifeSci Advisors

     



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