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Stock impact report

Xilio Therapeutics Announces Closing of Initial Public Offering

Xilio Therapeutics, Inc. (XLO) 
Company Research Source: GlobeNewswire
WALTHAM, Mass., Oct. 26, 2021 (GLOBE NEWSWIRE) -- Xilio Therapeutics, Inc. (Xilio) a biotechnology company developing tumor-selective immuno-oncology therapies for patients with cancer, today announced the closing of its previously announced initial public offering of 7,353,000 shares of its common stock at a price to the public of $16.00 per share. The aggregate gross proceeds to Xilio from the offering were approximately $117.6 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by Xilio. In addition, Xilio has granted the underwriters a 30-day option to purchase up to an additional 1,102,950 shares of its common stock at the initial public offering price less underwriting discounts and commissions. The shares began trading on the Nasdaq Global Select Market on October 22, 2021 under the ticker symbol “XLO.” Morgan Stanley, Cowen and Guggenheim Securities acted as joint book-running managers for the offering. Raymond James act Show less Read more
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