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Juno Therapeutics (JUNO) Prices Upsized Offering at $24, Above Expected Range

December 19, 2014 7:01 AM EST

Juno Therapeutics (NASDAQ: JUNO) priced its initial public offering of 11,022,917 shares of common stock at a price to the public of $24 per share, above the expected $21-$23 range which was recently raised from $15-$18. The number of shares offered was raised from 9,250,000 shares. Juno Therapeutics’ common stock is expected to begin trading on The NASDAQ Global Select Market today under the symbol "JUNO."

Juno Therapeutics has granted the underwriters a 30-day option to purchase up to an additional 1,653,437 shares of common stock to cover over-allotments, if any.

Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, and Goldman, Sachs & Co. are acting as lead book-running managers for the offering. Leerink Partners LLC is acting as a co-manager.

Juno Therapeutics, Inc. is a biopharmaceutical company developing cell-based cancer immunotherapies based on chimeric antigen receptor and high-affinity T cell receptor technologies to genetically engineer T cells to recognize and kill cancer cells.



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