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Finance Watch: Gossamer Works Around The Shutdown To Price Its $230m IPO

 
• By Mandy Jackson, Kevin Grogan, and Jo Shorthouse

Gossamer took an infrequently used path to go public during a US government shutdown that's kept the SEC from processing new offerings. Also, IPO filings (and withdrawals) and follow-on offerings continued during the shutdown, while VC deals keep up a brisk pace.

Finance Watch

Gossamer Bio Inc. emerged from stealth mode with a lot of fanfare in 2018, revealing a $100m Series A venture capital round in January and a $230m Series B round in July. And it appears that the company's foray into the stock market – during a US government shutdown that kept the Securities and Exchange Commission (SEC) from processing new public offerings – will be notable as well.

San Diego-based Gossamer indicated in a Dec. 21 SEC filing that it intended to raise up to $264.5m in a...

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More from Business

Stock Watch: Generics Firms Trapped Between US Tariffs And European Austerity

 
• By Andy Smith

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• By Joseph Haas

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