Denali Therapeutics’ $250 Million Initial Public Offering


Wilson Sonsini Goodrich & Rosati represented Denali in the offering

Denali Therapeutics, a biotech company that develops new molecular therapies for neurodegenerative diseases, announced its initial public offering of 13,888,888 million shares of its Class A common stock at a price to the public of $18 per share, resulting in estimated net proceeds to the company of $250,000,000. The shares began trading on the Nasdaq exchange on December 8, 2017, under the ticker symbol “DNLI.”

Goldman Sachs & Co. LLC, Morgan Stanley, and J.P. Morgan are acting as joint book-running managers for the offering, and Evercore Group L.L.C. is acting as lead manager for the offering.

The WSGR team that represented Denali in the offering included partner Tony Jeffries (Picture), partner-elect Jennifer Knapp, and associates Cathy Doxsee, Lindsey Cochran, Angela Chen, and James Bryant.

Involved fees earner: Tony Jeffries – Wilson Sonsini Goodrich & Rosati; Jennifer Knapp – Wilson Sonsini Goodrich & Rosati; Catherine Doxsee – Wilson Sonsini Goodrich & Rosati; Lindsey Cochran – Wilson Sonsini Goodrich & Rosati; Angela Chen – Wilson Sonsini Goodrich & Rosati; Andrew Bryant – Wilson Sonsini Goodrich & Rosati;

Law Firms: Wilson Sonsini Goodrich & Rosati;

Clients: Denali Therapeutics Inc.;

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Author: Ambrogio Visconti