Initial Public Offering
Hyloris
Joint Global Coordinator and Joint BookrunnerKempen & Co is pleased to announce that it acted as Joint Global Coordinator and Joint Bookrunner in Hyloris Pharmaceuticals’ Initial Public Offering of €61.8 million
Transaction highlights
- Initial Public Offering of 5,750,000 primary shares (excluding the Over-allotment Option in full) at a price of €10.75 per share, resulting in gross proceeds of €61.8m
- The proceeds will be used to progress the development of the existing portfolio of product candidates, the establishment of a commercial team in the US and to fund the expansion of its product pipeline
- Kempen & Co extensively marketed the transaction towards local and international, specialist and generalist institutional investors during investor education (PDIE) and bookbuilding
- In addition, Van Lanschot Kempen’s Private Banking and Private Family Office marketed the transaction to their clients in Belgium and the Netherlands
- The orderbook has been built with strong local support from investors who participated in the cross-over round as well as a mix of institutional investors across continental Europe, the UK and the US
- The transaction attracted strong support from Belgian retail investors, which were allocated c. 18.4% of the IPO, more than the legal minimum allocation of 10% as per Belgian law
- Trading of Hyloris’ shares on the regulated market of Euronext Brussels under the symbol “HYL” commenced on 29 June 2020
- Hyloris’ IPO is the first IPO on Euronext Brussels in 2020, and Kempen & Co's 8th overall transaction for European life sciences companies since the beginning of 2020. Year to date, Kempen has been involved in raising over €1.4bn for European Life Sciences and Healthcare companies
Company description
Based in Liège, Belgium, Hyloris is an early-stage innovative specialty pharmaceutical company focused on adding value to the healthcare system by reformulating well-known pharmaceuticals. Hyloris develops proprietary products it believes offer significant advantages compared to currently available alternatives, with the aim to address the underserved medical needs of patients, hospitals, physicians, payors and other stakeholders in the healthcare system. Hyloris’ portfolio spans three areas of focus: IV Cardiovascular, Other Reformulations and Established Market (high-barrier generics). Hyloris currently has two early commercial-stage products, Sotalol IV for the treatment of atrial fibrillation, commercialised through its partner AltaThera, and Maxigesic® IV, a non-opioid analgesic product for the treatment of pain, developed with the Company’s partner, AFT Pharmaceuticals. Additionally, Hyloris has 12 product candidates in various stages of development across the Company’s wider portfolio.
Background Kempen & Co Life Sciences & Healthcare
- Joint Bookrunner in the €20.0 million Capital Increase by Oryzon Genomics
- Joint Global Coordinator and Joint Bookrunner in the SEK 487 million Capital Increase by BioInvent
- Joint Global Coordinator and Joint Bookrunner in the c. SEK 400 million Capital Increase by Immunovia
- Co-Manager in the USD 862 million Global Offering by argenx
- Joint Bookrunner in the SEK 1,414 million Capital Increase by Oncopeptides
- Co-Manager in the USD 154 million Global Offering of DBV Therapeutics
- Joint Global Coordinator and Joint Bookrunner in the €19.0 million Capital Increase by Sequana Medical
- Lead Manager in the USD 557 million Global Offering by argenx
- Co-Manager in the USD 79.2 million US Public Offering by Merus
- Co-Manager in the USD 57.5 million Capital Increase by ProQR
- Co-Manager in the USD 150 million Nasdaq IPO of BioNTech
- Sole Bookrunner in the €9.0 million Capital Increase by MDxHealth
- Co-Manager in the USD 20.0 million Global Offering of Celyad
- Co-Manager in the USD 582 million NASDAQ IPO of Genmab
- Joint Bookrunner in the €116 million Secondary Sale of Fagron shares by Waterland and Baltisse
- Joint Bookrunner in the €48.7 million Rights Issue by Transgene
- Joint Bookrunner in the SEK 727 million Capital Increase by Oncopeptides
Contact
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Initial Public Offering on NASDAQ
Secondary placing of Fagron shares
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Accelerated Bookbuild Offering on behalf of selling shareholders in
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Acquisition of
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Block trade in argenx shares
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Sale of Dutch residential portfolio managed by
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Increase of stake in
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Acquisition of
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Block trade in ERYTECH shares
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Sale of Dynamic Portfolios
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Accelerated bookbuild offering
Accelerated bookbuild offering
Accelerated bookbuild offering
Accelerated bookbuild offering
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Dutch wealth management activities
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of
from
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Acquisition by
of
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Public offer by
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Public takeover by German Vonovia
For Austrian Conwert
Accelerated bookbuild offering
Rights issue
Sale of 19% stake in
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Acquisition of the North American rights to RUCONEST by
from
Acquisition by
of
from
Strategic study
Secondary placement 30% stake in
Share buy-back program
Direct share placement
Private placement
Strategic study
Sale of the European veterinary business of
to
Strategic study
Private placement
Placement of treasury shares
Public offer for Deutsche Office
By German Alstria
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Initial public offering
Rights issue
Rights issue
Initial public offering
Rights issue
Sale of
to
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A company owned by Reggeborgh
Rights issue
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Secondary placement of 35% stake in IOW
Accelerated bookbuild offering
Refinancing
Rights issue
Refinancing
Capital Raise
Initial public offering
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of
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Refinancing
Initial Public Offering
Initial public offering
Rights issue
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Refinancing
Acquisition of the cancer immunotherapy program by
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Acquisition of
by
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Initial public offering
Acquisition by
of
Accelerated bookbuild offering
Convertible bond issue
Fairness opinion in the public offer by
Sale of Hercules business to ZEG
Refinancing
Convertible bond issue
Initial public offering
Sale of Dutch supply assets to
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Acquisition of
by
undisclosed PE firm
from
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Acquisition by
of
Accelerated bookbuild offering
Private placement by acquisition vehicle for French Carrefour
Secondary offering
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Public offer for German listed GSW
by German listed
Equity issue
Refinancing
Sale of majority of shares to
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Initial public offering
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for
Private placement
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for
Accelerated bookbuild and private placement
Rights issue