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IPO · GBS

Intelligent Bio Solutions Inc.

Formerly GBS Inc.; Glucose Biosensor Systems (Greater China) Holdings, Inc.

Intelligent Bio Solutions Inc. (GBS) priced its initial public offering on Dec 28, 2020 at $17.00 per share, within its $16.00–$18.00 range, raising $21.6M, and listed on Nasdaq. At the IPO price its market capitalization was about $192M. Dawson James was lead-left underwriter. Schiff Hardin advised the company and Ellenoff Grossman & Schole advised the underwriters.

Intelligent Bio Solutions Inc. is developing and commercializing biosensor-based point-of-care diagnostic tests in areas such as clinical chemistry, immunology, tumor markers, allergens and endocrinology. It is also collaborating with the Wyss Institute at Harvard University on a real-time SARS-CoV-2 test.

Status
IPO
Ticker
GBS
Exchange
Nasdaq
Priced
Dec 28, 2020
IPO price
$17.00
Price range
$16.00–$18.00
Raised
$21.6M
Market cap at IPO price
$192M
First filed
Jul 5, 2019
Underwriters
Dawson James
Company counsel
Schiff Hardin
Underwriters' counsel
Ellenoff Grossman & Schole
Sector
Healthcare
Country / state
NY

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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