Clovis Oncology (CLVS) IPO Opens Flat

November 16, 2011 10:45 AM EST
The IPO for Clovis Oncology, Inc. (Nasdaq: CLVS) is open for trading. Shares opened at $13.05 after pricing 10,000,000 shares at $13 per share, the low end of the expected $13-$15 range. The size of the offering was raised from 9,300,000 shares.
J. P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC are acting as joint book-running managers for the offering, and Leerink Swann LLC is acting as co-manager for the offering.

Clovis Oncology, Inc. is a biopharmaceutical company focused on acquiring, developing and commercializing innovative anti-cancer agents in the U.S., Europe and additional international market.


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