Myovant Sciences (MYOV) Prices Larger 14.5M Common Stock IPO at $15/Share, Above Expected Range

October 27, 2016 6:18 AM EDT
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Myovant Sciences Ltd. (NYSE: MYOV) announced the pricing of its initial public offering of 14,500,000 common shares at a price of $15.00 per share. The common shares of Myovant Sciences Ltd. have been approved for listing on the New York Stock Exchange and are expected to begin trading under the ticker symbol "MYOV" on October 27, 2016. All of the common shares are being offered by Myovant Sciences Ltd. In addition, Myovant Sciences Ltd. has granted the underwriters a 30-day option to purchase up to 2,175,000 additional common shares.

(NOTE: The company was recently looking for 13 million shares to price within a ange of $12 - $15 per share.)

Citigroup Global Markets Inc., Cowen and Company, LLC, Evercore Group L.L.C. and Barclays Capital Inc. are acting as joint book-running managers for the offering. JMP Securities LLC is acting as lead manager and Robert W. Baird & Co. Incorporated is acting as co-manager for the offering.

The offering will be made only by means of a prospectus. When available, copies of the final prospectus related to the offering may be obtained from Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: (800) 831-9146 (toll free), e-mail: prospectus@citi.com; Cowen and Company, LLC, c/o Broadridge Financial Services, 1155 Long Island Avenue, Edgewood, NY, 11717, Attn: Prospectus Department, telephone: (631) 274-2806; Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 36th Floor, New York, NY 10055, telephone: (212) 653-9054, e-mail: ecm@evercore.com; or Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: (888) 603-5847, e-mail: Barclaysprospectus@broadridge.com.



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