Iovance Biotherapeutics, Inc. Announces Proposed Public Offering of Common Stock

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Iovance Biotherapeutics (IOVA) Prices 22M Share Common Stock Offering at $9.97/Sh

October 12, 2018 7:46 AM EDT

Iovance Biotherapeutics, Inc. (Nasdaq: IOVA), a biotechnology company developing novel cancer immunotherapies based on tumor-infiltrating lymphocyte (TIL) technology, today announced the pricing of an underwritten public offering of 22,000,000 shares of its common stock at a public offering price of $9.97 per share. The gross proceeds from the offering, before deducting the underwriting discounts and commissions and other estimated offering expenses payable by Iovance, are expected to be $219.3 million. In addition,... More