NovoCure (NVCR) Launches 12.5M Common Stock IPO

NovoCure Limited (Nasdaq: NVCR), a commercial stage oncology company pioneering a novel therapy for solid tumors, announced today the launch of its initial public offering of 12,500,000 shares of its common stock, including 7,500,000 shares to be sold by NovoCure Limited and 5,000,000 shares to be sold by selling shareholders. The initial public offer is currently expected to be between $26 and $29 per share. The underwriters for the offering will also have a 30-day option to purchase up to an additional 1,875,000 ordinary shares from the selling shareholders. NovoCure Limited has applied to list its common stock on the NASDAQ Global Select Market under the symbol “NVCR.”

NovoCure Limited expects to receive net proceeds of approximately $189 million from the offering, after deducting the underwriters’ discount and estimated offering expenses, which it intends to use for working capital and general corporate purposes, including clinical trials and research and development and continued commercialization of Optune and its future delivery systems. NovoCure Limited will not receive any proceeds from the sale of shares by the selling shareholders.

J.P. Morgan Securities LLC, Deutsche Bank Securities and Evercore Group L.L.C. are acting as joint book-running managers for the offering. Wells Fargo Securities, LLC is acting as lead manager and JMP Securities LLC and Wedbush PacGrow are acting as co-managers. Perella Weinberg Partners LP is acting as independent capital markets advisor to NovoCure Limited for the offering.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective.

The offering of these securities will be made only by means of a prospectus, copies of which may be obtained from:

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