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Aduro registers $86.25 million of stock for initial public offering
Bookrunners BofA Merrill Lynch and Leerink Partners assist with sale
By Devika Patel
Knoxville, Tenn., March 11 – Aduro Biotech, Inc. will conduct an initial public sale of common stock with a 30-day greenshoe, according to an S-1 filed Wednesday with the Securities and Exchange Commission. The company has registered up to $86.25 million of stock.
BofA Merrill Lynch and Leerink Partners LLC are the bookrunning managers. William Blair & Co., LLC and Canaccord Genuity Inc. are the co-managers.
Proceeds will be used for clinical trials, manufacturing, research and development and general corporate and working capital purposes.
The clinical-stage immuno-oncology company is based in Berkeley, Calif. The company expects its shares will trade on the Nasdaq under the symbol “ADRO.”
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