Black Diamond Therapeutics, Inc. (NASDAQ: BDTX), a precision oncology medicine company pioneering the discovery and development of small molecule, tumor-agnostic therapies, today announced the pricing of its initial public offering of 10,586,316 shares of common stock at a public offering price of $19.00 per share. All of the shares are being offered by Black Diamond. The shares are expected to begin trading on the Nasdaq Global Select Market on January 30, 2020 under the ticker symbol "BDTX." The gross proceeds of the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Black Diamond, are expected to be approximately $201.1 million. The offering is expected to close on February 3, 2020, subject to the satisfaction of customary closing conditions. In addition, Black Diamond has granted the underwriters a 30-day option to purchase up to an additional 1,587,947 shares of common stock at the initial public offering price.
J.P. Morgan Securities LLC, Jefferies LLC, and Cowen and Company, LLC, are acting as joint book-running managers for the offering. Canaccord Genuity LLC is acting as lead manager for the offering.