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IPO · XGN

Exagen Inc.

Formerly EXAGEN DIAGNOSTICS INC

Exagen Inc. (XGN) priced its initial public offering on Sep 20, 2019 at $14.00 per share, within its $14.00–$16.00 range, raising $50.4M, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $160.9M. Latham & Watkins advised the company and Cooley advised the underwriters.

Exagen Inc. is a diagnostics company focused on chronic autoimmune diseases, selling testing products under the AVISE brand. Several are based on its proprietary CB-CAPs technology, which assesses complement system activation, and are aimed at helping rheumatologists diagnose and monitor lupus and rheumatoid arthritis.

Status
IPO
Ticker
XGN
Exchange
Nasdaq Global Market
Priced
Sep 20, 2019
IPO price
$14.00
Price range
$14.00–$16.00
Raised
$50.4M
Market cap at IPO price
$160.9M
First filed
Sep 19, 2014
Company counsel
Latham & Watkins
Underwriters' counsel
Cooley
Sector
Healthcare
Country / state
CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.

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Filings

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