HealthCap's Cortendo announces US listing

The company has filed a registration statement with the US Securities and Exchange Commission, with the intention to float under the ticker symbol "SBBP".

No date or approximate timeline for the Nasdaq listing was publicised, and the company is yet to set a price range or the number of shares to be made available in the IPO.

After Cortendo raised $11m in October last year, HealthCap held 11.7% of the company's shares and votes; Swedish pension fund AP3 meanwhile held 9.4%, Storebrand 9.8% and Arctic Fund Management 2.2%. Before the private placement, Cortendo had been considering a listing on Oslo's Acxess stock exchange, but abandoned the listing after the investment round.

The company raised $27.5m in January 2015, when RA Capital, NEA and Broadfin Capital participated in a second private placement, alongside HealthCap.

Bank of America Merrill Lynch and Stifel will act as joint bookrunners for Cortendo's proposed offering, while JMP Securities will act as lead manager. Roth Capital Partners is co-manager and Arctic Securities is acting as an adviser to Cortendo.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Nordics
• Exits
• IPO
• Sweden
• US
• NASDAQ