Pandion Therapeutics, Inc. (PAND) Prices 7.5M Share IPO at $18/Sh

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Pandion Therapeutics Announces Pricing of Initial Public Offering

July 16, 2020 9:02 PM EDT

WATERTOWN, Mass., July 16, 2020 (GLOBE NEWSWIRE) -- Pandion Therapeutics, Inc. (Nasdaq: PAND), a clinical-stage biotechnology company developing novel therapeutics designed to address the unmet needs of patients suffering from autoimmune disease, today announced the pricing of its initial public offering of 7,500,000 shares of its common stock at a public offering price of $18.00 per share, for gross proceeds of $135.0 million, before deducting underwriting discounts and commissions and offering expenses payable by Pandion. In addition, Pandion has granted the underwriters an option for a period of 30 days to purchase up to 1,125,000 additional shares of... More