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IPO · GRCL

Gracell Biotechnologies Inc.

Gracell Biotechnologies Inc. (GRCL) priced its initial public offering on Jan 8, 2021 at $19.00 per share, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $6.23B. Cooley and Harneys advised the company and Davis Polk, AllBright and Zhong Lun advised the underwriters.

Gracell Biotechnologies Inc. is a clinical-stage biopharmaceutical company developing CAR-T cell therapies for cancer using its FasTCAR and TruUCAR platforms. FasTCAR enables next-day manufacturing of autologous products, led by GC012F in relapsed or refractory multiple myeloma, while TruUCAR derives T cells from non-HLA-matched healthy donors.

Status
IPO
Ticker
GRCL
Exchange
Nasdaq Global Select
Priced
Jan 8, 2021
IPO price
$19.00
Market cap at IPO price
$6.23B
First filed
Dec 18, 2020
Company counsel
Cooley and Harneys
Underwriters' counsel
Davis Polk, AllBright and Zhong Lun
Sector
Biotech & pharma
Country / state
China

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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