Silverback Therapeutics, Inc. (SBTX) Prices 11.5M Share IPO at $21/Sh

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Silverback Therapeutics Announces Pricing of Initial Public Offering

December 3, 2020 10:44 PM EST

SEATTLE--(BUSINESS WIRE)-- Silverback Therapeutics, Inc. (Silverback), a clinical-stage biopharmaceutical company leveraging its proprietary ImmunoTAC technology platform to develop systemically delivered, tissue targeted therapeutics for the treatment of cancer, chronic viral infections, and other serious diseases, today announced the pricing of its initial public offering of 11,500,000 shares of its common stock at a price to the public of $21.00 per share. The gross proceeds to Silverback from the offering, before deducting the underwriting discounts and commissions and offering expenses, are expected to be $241.5 million. All of the shares are being offered by Silverback. In addition, Silverback has granted the underwriters a... More