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Sept. 24, 2020, 1:35 p.m. EDT

Immunome sets IPO terms, to raise up to $32.5 million

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By Tomi Kilgore

Immunome Inc. /zigman2/quotes/221441968/composite IMNM +2.46% set terms for its initial public offering, in which the Pennsylvania-based biopharmaceutical company focused on oncology looks to raise up to $32.5 million. The company is offering 2.5 million shares in the IPO, which is expected to price between $11 and $13 a share. With 9.3 million shares outstanding after the IPO, the pricing values the company at up to $120.7 million. The stock is expected to list on the Nasdaq under the ticker symbol "IMNM." The book-running managers are Ladenburg Thalmann and Chardan. For the six months ended June 30, the company recorded a net loss of $5.4 million on no revenue, after a loss of $4.8 million on no revenue in the same period a year ago. The company is looking to go public at a time that the Renaissance IPO ETF IPO /zigman2/quotes/207665280/composite IPO +1.46% has rallied 23.2% over the past three months, while the iShares Nasdaq Biotechnology ETF /zigman2/quotes/206189322/composite IBB +0.56% has declined 3.7% and the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.30% has gained 7.5%.

/zigman2/quotes/221441968/composite
US : U.S.: Nasdaq
$ 12.50
+0.30 +2.46%
Volume: 40,206
Oct. 27, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$122.44 million
Rev. per Employee
N/A
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/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 54.09
+0.78 +1.46%
Volume: 145,695
Oct. 27, 2020 4:00p
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/zigman2/quotes/206189322/composite
US : U.S.: Nasdaq
$ 135.87
+0.76 +0.56%
Volume: 1.96M
Oct. 27, 2020 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,390.68
-10.29 -0.30%
Volume: 2.38B
Oct. 27, 2020 5:20p
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