CytomX Therapeutics (CTMX) IPO Opens Sharply Higher, Pares Gains

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CytomX Therapeutics (CTMX) IPO Prices at $12, Below Expected Range

October 8, 2015 8:51 AM EDT

CytomX Therapeutics, Inc. (NASDAQ: CTMX) announced the pricing of its initial public offering of 6,666,667 shares of common stock at an initial public offering price of $12 per share, below the $14-$16 range. The shares are expected to begin trading on the NASDAQ Global Select Market today under the ticker symbol "CTMX."

In addition, the underwriters have a 30-day option to purchase up to an additional 1,000,000 shares of common stock from CytomX. All shares of common stock are being offered by CytomX.... More