Synthorx Inc’s Quiet Period Will End on January 16th (NASDAQ:THOR)
Synthorx’s (NASDAQ:THOR) quiet period will end on Wednesday, January 16th. Synthorx had issued 11,912,727 shares in its IPO on December 7th. The total size of the offering was $131,039,997 based on an initial share price of $11.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
A number of brokerages recently issued reports on THOR. HC Wainwright began coverage on shares of Synthorx in a research report on Wednesday, January 2nd. They set a “buy” rating and a $30.00 price target for the company. Jefferies Financial Group began coverage on shares of Synthorx in a research report on Wednesday, January 2nd. They set a “buy” rating and a $21.00 price target for the company.
Shares of NASDAQ THOR opened at $13.74 on Friday. Synthorx has a 1 year low of $11.00 and a 1 year high of $18.46.
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Synthorx, Inc, a biotechnology company, discovers and develops protein therapeutics. The company's lead product candidate is THOR-707, a variant of IL-2 that is in development in various tumor types as a single agent and in combination with an immune checkpoint inhibitor. The company was founded in 2014 and is headquartered in La Jolla, Calif.
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