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IDEAYA Biosciences up 3%, prices $175M offering

  • IDEAYA Biosciences (NASDAQ:IDYA) prices an underwritten public offering of ~7.44M shares and pre-funded warrants to purchase ~2.02M shares.
  • The shares of common stock are being sold at a public offering price of $18.50 per share and the pre-funded warrants are being sold at a public offering price of $18.4999 per pre-funded warrant.
  • Underwriters have a 30-day option to purchase up to an additional ~1.42M shares.
  • Aggregate gross proceeds to IDEAYA from this offering are expected to be approximately $175M.
  • Closing expected on April 27.
  • Stock price is up 3% pre-market.

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IDEAYA Biosciences, Inc.