BioNTech’s $511.5 Million Rights Offering

Davis Polk advised the representatives of the underwriters in connection with the offering. Davis Polk also advised the dealer managers and subscription agents in connection with BioNTech’s SEC-registered rights offering.

BioNTech SE executed the $511.5 million SEC-registered offering of 5,500,000 American Depositary Shares. In addition, the underwriters have an option to purchase up to an additional 825,000 ADSs. BioNTech is listed on the Nasdaq Global Select Market under the symbol “BNTX.”

J.P. Morgan, BofA Securities and Berenberg acted as lead joint book-running managers for the Underwritten Offering. UBS Investment Bank acted as joint book-running manager and Canaccord Genuity acted as lead manager for the Underwritten Offering. COMMERZBANK, Wolfe Capital Markets and Advisory and Bryan, Garnier & Co. acted as co-managers for the Underwritten Offering.

BioNTech is a next generation immunotherapy company pioneering novel therapies for cancer and other serious diseases. It exploits a wide array of computational discovery and therapeutic drug platforms for the rapid development of novel biopharmaceuticals. BioNTech has established a broad set of relationships with multiple global pharmaceutical collaborators, including Genmab, Sanofi, Bayer Animal Health, Genentech, a member of the Roche Group, Genevant, Fosun Pharma and Pfizer.

The Davis Polk capital markets team included partners Deanna L. Kirkpatrick (Picture) and Yasin Keshvargar and associates John H. Runne, David Li and Prudence Ng. Partner Pritesh P. Shah and associates Tilak Koilvaram and Jennifer Leather provided intellectual property advice. Counsel Ethan R. Goldman provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice.

Involved fees earner: Ethan Goldman – Davis Polk & Wardwell; Marcie Goldstein – Davis Polk & Wardwell; Yasin Keshvargar – Davis Polk & Wardwell; Deanna Kirkpatrick – Davis Polk & Wardwell; Tilak Koilvaram – Davis Polk & Wardwell; Jennifer Leather – Davis Polk & Wardwell; David Li – Davis Polk & Wardwell; Prudence Ng – Davis Polk & Wardwell; John Runne – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bank of America Securities; Berenberg Bank – Joh Berenberg Gossler & Co; Bryan, Garnier & Co; Canaccord Genuity; Commerzbank AG; J.P. Morgan Securities LLC; UBS Investment Bank; Wolfe Capital Markets and Advisory;

Author: Ambrogio Visconti