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Biopharma Co. Principia Leads 3 IPOs Totaling $225.3M

Law360 (September 14, 2018, 5:55 PM EDT) -- A group of companies including clinical-stage biopharmaceutical company Principia Biopharma Inc., China-based content aggregation platform Qutoutiao Inc. and FVCBankcorp Inc. launched initial public offerings on Friday totaling approximately $225.3 million.

Principia priced its offering of 6.25 million shares at $17 per share Thursday night, amounting to approximately $106.25 million. FVCBankcorp also announced its pricing late Thursday, stating that 1.75 million shares would begin trading Friday at $20 per share, representing total proceeds of $35 million. Qutoutiao stated its pricing and launched its offering Friday, offering 12...
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