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Collaboration › Details

Ablynx–Goodwin Procter: legal services, 201710 supply legal advice on $200m US IPO of Ablynx at Nasdaq by Goodwin


Period Period 2017-10-26
Region Region United States (USA)
Organisations Partner, 1st Ablynx N.V. (Euronext Brussels: ABLX, Nasdaq: ABLX)
  Group Sanofi (Group) [since May 2011]
  Partner, 2nd Goodwin Procter LLP
  Group Goodwin Procter (Goowin Law) (Group)
Products Product legal services
  Product 2 investment banking
Index term Index term Ablynx–SEVERAL: investment, 201710 US IPO $200m+$30m net $210.2m with 11.43m+1.715m ADSs at $17.5/ADS at Nasdaq Global Select Market
Persons Person Bloom, Mitchell S. (Goodwin Procter 201711 Partner)
  Person 2 Mutkoski, John M. (Goodwin Procter 201711 Partner)

Goodwin Procter LLP. (11/1/17). "Press Release: Ablynx Closes $200 Million Initial Public Offering in the United States".

The Life Sciences team advised Ablynx NV [Euronext Brussels and NASDAQ: ABLX] on the closing of its initial public offering totaling $200 million gross proceeds from the sale of 11,430,000 ordinary shares in the form of American Depositary Shares (ADSs) at a price of $17.50 per ADS, before underwriting discounts.

Ablynx also closed the underwriters’ option to purchase an additional 1,714,500 ordinary shares in the form of ADSs at a price of $17.50 per ADS in its U.S. initial public offering, for additional gross proceeds of $30 million, before underwriting discounts. The underwriters exercised their option to purchase additional ADSs, in full, on October 26, 2017. The aggregate gross proceeds of the offering (including the proceeds of the base offering) amount to $230 million.

Ablynx is a biopharmaceutical company engaged in the development of nanobodies, proprietary therapeutic proteins based on single-domain antibody fragments, which combine the advantages of conventional antibody drugs with some of the features of small-molecule drugs.

The Goodwin team was led by partner Mitch Bloom and included partners John Mutkoski, Seo Salimi, Brian Fairchild; and associates Timothy Hurley, Tiffany Williamson, Kristin Johnston and Alex Varond.

For more information on the offering, please read the press release.

Related Professionals

Mitchell S. Bloom
John M. Mutkoski
Seo Salimi
Brian A. Fairchild
Timothy S. Hurley
Tiffany B. Williamson
Kristin Johnston
Alexander Varond

Record changed: 2017-11-19


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