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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 -1.73% 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 -3.78% has rallied 23.2% over the past three months, while the iShares Nasdaq Biotechnology ETF /zigman2/quotes/206189322/composite IBB -1.83% has declined 3.7% and the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.21% has gained 7.5%.

/zigman2/quotes/221441968/composite
US : U.S.: Nasdaq
$ 11.35
-0.20 -1.73%
Volume: 4,850
Oct. 30, 2020 3:50p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$113.91 million
Rev. per Employee
N/A
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/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 50.68
-1.99 -3.78%
Volume: 478,004
Oct. 30, 2020 4:00p
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/zigman2/quotes/206189322/composite
US : U.S.: Nasdaq
$ 130.62
-2.44 -1.83%
Volume: 3.33M
Oct. 30, 2020 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,269.96
-40.15 -1.21%
Volume: 3.01B
Oct. 30, 2020 5:18p
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