PureTech Health (PRTC)

Down
Share Price:
403.00p
Market Cap:
1,152.17m
Change Today:
-9.50p
Sector:
Pharma and Biotech

PureTech sells down Karuna stake as Vor closes IPO

By Josh White

Date: Wednesday 10 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Clinical-stage biotherapeutics commercialisation company PureTech Health announced on Wednesday that its founded entity Vor Biopharma has closed its initial public offering at a price of $18 per share.
At the same time, the company announced that it sold one million shares of founded entity Karuna Therapeutics through a block trade executed by Morgan Stanley, for cash of around $118m.

The FTSE 250 firm said that the Vor IPO consisted of 9,828,017 common shares, and an additional 1,474,202 shares sold under the full option exercised by the underwriters.

"The aggregate gross proceeds to Vor from the offering, before deducting the underwriting discounts and commissions and other offering expenses payable by Vor, were approximately $203.4m," the board said in its statement.

The shares began trading on the Nasdaq Global Market on 5 February under the ticker symbol 'VOR'.

Following the closing, PureTech said it held 3,207,200 shares of Vor common stock.

Looking at the Karuna selldown, PureTech said it intended to use the proceeds to further expand and advance its clinical-stage wholly-owned pipeline.

"PureTech intends to update financial guidance in connection with the issuance of its 2020 annual report and accounts later this year," the board said.

At 0917 GMT, shares in PureTech Health were down 0.66% at 375p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

PRTC Market Data

Currency UK Pounds
Price 403.00p
Change Today -9.50p
52 Week High 425.50p
52 Week Low 221.50p
Volume 124,817
Shares Issued 285.90m
Market Cap 1,152.17m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Income
Not Available
Growth
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
P/E
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
PEG
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. full sector star
Dividend Yield
Not Available
EPS Growth
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Operating Margin
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector

What The Brokers Say

Strong Buy 5
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.