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April 1, 2020, 6:32 a.m. EDT

Keros Therapeutics sets IPO terms, expects to raise up to $80 million

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By Tomi Kilgore

Keros Therapeutics /zigman2/quotes/217766474/composite KROS +2.64% has set terms of its initial public offering, in which it expects to raise up to $80 million, and be valued at about $291 million. The biopharmaceutical company, which is developing treatments for hematological and musculoskeletal disorders, if offering 5 million shares for sale with the IPO expected to price between $14 and $16 a share. The stock is expected to be listed on the Nasdaq exchange under the ticker symbol "KROS." Jefferies, SVB Leerink and Piper Sandler are the joint book-running managers. The company recorded a net loss of $14.1 million on revenue of $10 million in 2019 after a loss of $2.3 million on revenue of $10 million in 2018. Keros is looking to go public at a time that the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO +4.55% has lost 15.3% over the past three months and the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.48% has dropped 20.0%.

/zigman2/quotes/217766474/composite
US : U.S.: Nasdaq
$ 28.74
+0.74 +2.64%
Volume: 78,693
May 29, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$579.07 million
Rev. per Employee
N/A
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/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 36.73
+1.60 +4.55%
Volume: 9,290
May 29, 2020 3:59p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,044.31
+14.58 +0.48%
Volume: 4.38B
May 29, 2020 5:14p
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