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June 20, 2016, 7:44 a.m. EDT

Syros Pharmaceuticals sets IPO price expectations

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By Tomi Kilgore

SYRS

Syros Pharmaceuticals /zigman2/quotes/201168308/composite SYRS -0.44% said in a filing Monday that it expects its initial public offering of stock to price between $14 and $16 a share. The biopharmaceutical company, which has developed a gene-control platform, said it will offer 4 million common shares for sale in its IPO, to raise up to $64 million, before fees. Including options granted to the underwriters to purchase additional shares, the company could raise up to $73.6 million, before fees. The company expects the proceeds from the IPO to be sufficient to enable it to reach clinical activity data readouts its SY-1425 product candidate for treating acute myelogenous leukemia and myelodysplastic syndrome, and its SY-1365 candidate for treating acute leukemias. The company plans to list the stock on Nasdaq under the symbol "SYRS."

/zigman2/quotes/201168308/composite
US : U.S.: Nasdaq
$ 4.48
-0.02 -0.44%
Volume: 37,911
Jan. 30, 2023 10:39a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$91.02 million
Rev. per Employee
$189,000
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