Y-mAbs Therapeutics’ $115 Million Follow-On Public Offering

Shearman & Sterling advised the underwriters in the offering.

Y-mAbs Therapeutics, Inc. executed its 2,804,878 shares of common stock at a public offering price of $41 per share, resulting in aggregate gross proceeds to Y-mAbs of approximately $115 million. The offering consisted of 2,804,878 shares sold by Y-mAbs, including 365,853 shares sold pursuant to the exercise in full of the option to purchase additional shares granted to the underwriters by Y-mAbs in connection with the offering.

J.P. Morgan, Morgan Stanley and BofA Securities acted as joint book-running managers for the offering and H.C. Wainwright & Co. and Kempen & Co. acted as lead co-managers.

Y-mAbs Therapeutics, Inc. is a commercial-stage biopharmaceutical company focused on the development and commercialization of novel, antibody-based therapeutic products for the treatment of cancer. The company has a broad and advanced product pipeline, including one FDA approved product, DANYELZA® (naxitamab-gqgk), which targets tumors that express GD2, and one pivotal-stage product candidate, omburtamab, which targets tumors that express B7-H3.

The Shearman & Sterling team included Ilir Mujalovic (Picture), Gina Lee, Natalie Ko, Nauka Patel, Doreen E. Lilienfeld, Kristen Garry, Jordan Altman, Jennifer D. Morton, Mehran Massih, Melisa Brower, Douglas Kim, Molly Harding, Marc Elzweig, Benjamin Petersen, Taylor Pugliese, Katie Byun.

Involved fees earner: Jordan Altman – Shearman & Sterling; Melisa Brower – Shearman & Sterling; Marc Elzweig – Shearman & Sterling; Kristen Garry – Shearman & Sterling; Molly Harding – Shearman & Sterling; Douglas Kim – Shearman & Sterling; Natalie Ko – Shearman & Sterling; Gina Lee – Shearman & Sterling; Doreen Lilienfeld – Shearman & Sterling; Mehran Massih – Shearman & Sterling; Jennifer Morton – Shearman & Sterling; Ilir Mujalovic – Shearman & Sterling; Nauka Patel – Shearman & Sterling; Benjamin Petersen – Shearman & Sterling; Taylor Pugliese – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: Bank of America Securities; H.C. Wainwright & Co.; J.P. Morgan Securities LLC; Kempen & Co; Morgan Stanley;

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Martina Bellini

Author: Martina Bellini