Unum Therapeutics Announces Pricing of Initial Public Offering
CAMBRIDGE, Mass., March 28, 2018 (GLOBE NEWSWIRE) — Unum Therapeutics Inc. (NASDAQ:UMRX) (“Unum Therapeutics”), a clinical-stage biopharmaceutical company focused on the development of novel immunotherapy products designed to harness the power of a patient’s immune system to cure cancer, today announced the pricing of its initial public offering of 5,770,000 shares of common stock at a public offering price of $12 per share. In addition, Unum Therapeutics has granted the underwriters a 30-day option to purchase up to 865,500 additional shares of common stock at the initial public offering price, less the underwriting discounts and commissions. Unum Therapeutics’ common stock is expected to begin trading on the Nasdaq Global Select Market under the ticker symbol “UMRX” on March 29, 2018. The offering is expected to close on April 3, 2018, subject to customary closing conditions.
Morgan Stanley and Cowen are acting as joint book-running managers for the offering. SunTrust Robinson Humphrey and Wedbush PacGrow are acting as lead managers.Back to News