{"id":3723,"date":"2018-01-19T20:35:39","date_gmt":"2018-01-20T01:35:39","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=3723"},"modified":"2018-01-19T20:35:39","modified_gmt":"2018-01-20T01:35:39","slug":"armo-biosciences-inc-ipo-preview-armo","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/armo-biosciences-inc-ipo-preview-armo\/","title":{"rendered":"ARMO Biosciences, Inc. #IPO Preview $ARMO"},"content":{"rendered":"

\"ArmoBiosciences\"<\/a><\/p>\n

Company: ARMO BioSciences, Inc.
\nSymbol: ARMO
\nDescription: They are a late-stage immuno-oncology company that is developing a pipeline of novel, proprietary product candidates that activate the immune system of cancer patients to recognize and eradicate tumors.
\nShares: 6.67 million
\nPrice Range: $14.00-$16.00
\nTrade Date: 1\/26
\nUnderwriter(s): Jefferies, Leerink, BMO
\nCo-Manager(s): Baird
\nTerms Added: 1-16-18<\/p>\n

Link to S-1\/A Prospectus<\/a><\/strong><\/p>\n

Link to Retail Roadshow<\/a><\/strong><\/p>\n

Business<\/strong>: Their lead product candidate, AM0010 (pegilodecakin), stimulates the survival, expansion and tumor killing (cytotoxic) capacity of a particular white blood cell of the immune system, called the CD8+ T cell. They\u00a0have focused on CD8+ T cells because these cells have been shown to recognize and kill cancer cells. An abundance of tumor-infiltrating CD8+ T cells improves the prognosis and lengthens the survival of cancer patients.<\/p>\n

\"ARMO.Drugs\"<\/a><\/p>\n

Insider Buying: <\/strong>Certain of their existing stockholders have indicated an interest in purchasing an aggregate of approximately $40.0 million of shares of our common stock in this offering at the initial public offering price.<\/p>\n

Collaboration & License Agreement:\u00a0<\/strong><\/p>\n

Merck Agreement:\u00a0<\/i><\/b>Pursuant to the Merck Agreement, they obtained a worldwide exclusive royalty bearing license under specified patents and\u00a0know-how\u00a0to develop, manufacture and commercialize products containing PEGylated human\u00a0IL-10\u00a0polypeptide for all therapeutic purposes in humans. Under the Merck Agreement, they\u00a0are obligated to use diligent efforts to develop and commercialize the licensed product.<\/p>\n

In consideration for the license agreement, they paid Merck an initial license fee and they will be required to pay milestone payments up to $11.3\u00a0million upon the occurrence of certain events. Amounts paid to Merck under this agreement through October\u00a031, 2017 have been insignificant.<\/p>\n

Book-Building Status<\/strong>: The way the book comes together during the week of the roadshow is the most critical indicator to first-day and first-week performance. IPO Boutique uses its 45 years of experience and sources all over the street to gather daily subscription levels, specific price guidance and what type of investors are currently in the book or are anchoring orders in the book. In addition, recent underwriter performance on sector specific deals is a strong factor that IPO Boutique takes into account when determining if our clients should indicate for any offering.<\/p>\n

IPO Boutique subscription clients receive daily updates on this critical information.<\/span><\/a><\/p>\n

Conclusion<\/strong>: IPO Boutique provides ratings, daily commentary and a forecast for how this IPO will open vs. its offering price. We have kept a\u00a0track record<\/span><\/a>\u00a0with our performance for last 12 years at our website. Additionally, here’s a 2017 recap of our performance<\/a>\u00a0to showcase the value of IPO Boutique’s service.<\/p>\n

Indicate with confidence,\u00a0<\/b>SUBSCRIBE<\/b><\/a>\u00a0today.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Company: ARMO BioSciences, Inc. Symbol: ARMO Description: They are a late-stage immuno-oncology company that is developing a pipeline of novel, proprietary product candidates that activate the immune system of cancer patients to recognize and eradicate tumors. Shares: 6.67 million Price Range: $14.00-$16.00 Trade Date: 1\/26 Underwriter(s): Jefferies, Leerink, BMO Co-Manager(s): Baird Terms Added: 1-16-18 Link[…]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"zakra_general_container_width":0,"zakra_general_content_width":0,"zakra_general_sidebar_width":0,"zakra_sticky_header":"customizer","zakra_header_main_area":true,"zakra_site_logo_width":0,"zakra_header_top_enabled":"customizer","zakra_header_top_style":"customizer","zakra_primary_menu_item_style":"customizer","zakra_page_header_text_color":"","zakra_page_header_layout":"customizer","zakra_page_title_bg":"","zakra_footer_widgets_bg_image":0,"zakra_page_title_bg_repeat":"customizer","zakra_page_title_bg_position":"customizer","zakra_page_title_bg_size":"customizer","zakra_page_title_bg_attachment":"customizer","zakra_breadcrumbs_enabled":"customizer","zakra_breadcrumbs_text_color":"","zakra_breadcrumbs_separator_color":"","zakra_breadcrumbs_link_color":"","zakra_breadcrumbs_link_hover_color":"","zakra_page_title_bg_image":0,"zakra_footer_widgets_enabled":"customizer","zakra_footer_column_layout_1_style":"customizer","zakra_footer_widgets_bg":"","zakra_footer_widgets_bg_repeat":"customizer","zakra_footer_widgets_bg_position":"customizer","zakra_footer_widgets_bg_size":"customizer","zakra_footer_widgets_bg_attachment":"customizer","zakra_footer_bar_enabled":"customizer","zakra_footer_bar_style":"customizer","footnotes":""},"categories":[24],"tags":[1456],"class_list":["post-3723","post","type-post","status-publish","format-standard","hentry","category-ipo","tag-armo"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/comments?post=3723"}],"version-history":[{"count":1,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3723\/revisions"}],"predecessor-version":[{"id":3726,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3723\/revisions\/3726"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=3723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=3723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=3723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}