FS Development Corp. II, Sponsored by Foresite Capital, Announces Pricing of Upsized $175 Million Initial Public Offering
FS Development Corp. II has priced its initial public offering (IPO) of 17,500,000 shares of Class A common stock at $10.00 per share. The stock will be listed on The Nasdaq under the ticker symbol FSII, with trading commencing on February 17, 2021. The offering is expected to close on February 19, 2021. The company, sponsored by Foresite Capital, is a blank check firm targeting business combinations in the biotechnology and life sciences sectors. Jefferies LLC is the lead underwriter, with an option for an additional 2,625,000 shares to cover over-allotments.
- Successful pricing of IPO at $10.00 per share, indicating strong market interest.
- Intended use of proceeds for potential business combinations in biotechnology and life sciences, sectors with growth potential.
- Offering may lead to dilution if the underwriter's option for additional shares is exercised.
- Forward-looking statements indicate uncertainty regarding the completion of the IPO and use of proceeds.
FS Development Corp. II (the “Company”) announced today that it priced its initial public offering of 17,500,000 shares of Class A common stock at
The Company, sponsored by Foresite Capital, is led by President and CEO Jim Tananbaum. The Company is a blank check company formed for the purpose of effecting a business combination with one or more businesses in the biotechnology and life sciences sector.
Jefferies LLC is serving as the sole book runner for the offering. The Company has granted the underwriter a 45-day option to purchase up to an additional 2,625,000 shares of Class A common stock at the initial public offering price to cover over-allotments, if any.
The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from: Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10002, by telephone: 877-821-7388 or by email: Prospectus_Department@Jefferies.com.
Registration statements relating to these securities became effective on February 16, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the offering filed with the Securities and Exchange Commission (“SEC”). Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
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