2 Cooley-Led Biotech Startups Launch IPOs Totaling $342M

By Tom Zanki (October 2, 2018, 8:08 PM EDT) -- Two biotechnology startups, both represented by Cooley LLP while Latham & Watkins LLP is advising their underwriters, launched initial public offerings on Tuesday that are estimated to raise $342 million, adding to a growing slate of companies planning to go public next week.

Cancer-focused Allogene Therapeutics told regulators it plans to offer 16 million shares priced between $16 and $18, raising $272 million at midpoint, while Equillium Inc. plans to offer 4.67 million shares priced between $14 and $16, raising $70 million at midpoint. Neither company has recurring revenues yet and are going public primarily to fund drugs under development, according...

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