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The IPO Buzz: Hide That Report Card
 
By: John E. Fitzgibbon, Jr.
 
There wasn’t much barroom bragging when the curtain came down on the IPO market at summer’s end. The report card for the year to date was not what bankers would like take home for their parents’ (or shareholders’) signatures. (Yes, thoughts of forgery or burning come to mind.)
 
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AVEO Pharmaceuticals 
General Information
Business: We are a biopharmaceutical company focused on discovering, developing and commercializing novel cancer therapeutics. Our product candidates are directed against important mechanisms, or targets, known or believed to be involved in cancer. Tivozanib, our lead product candidate, is a novel, highly potent and selective oral inhibitor of the vascular endothelial growth factor, or VEGF, receptors 1, 2 and 3. Our clinical trials of tivozanib to date have demonstrated a favorable safety and efficacy profile for tivozanib. We have completed a successful 272-patient phase 2 clinical trial of tivozanib in patients with advanced renal cell cancer, or RCC.
Industry: PHARMACEUTICAL PREPARATIONS
Employees: 133 Founded: 2001
Contact Information
Address: 75 Sidney Street, Cambridge, MA, 02139, US
Phone: 617-299-5000
Web Address: www.aveopharma.com
Financial Information
Market Cap: $ 262.6 mil
Revenues: $ 20.7 mil (last 12 months)
Net Income: $ (44.1) mil (last 12 months)
View Prospectus: AVEO Pharmaceuticals
IPO Profile
Symbol: AVEO
Shares (millions): 9.00
Price Range: $9.00 - $10.00
Est.$ Volume $ 81 mil
Manager / Joint Managers J.P.Morgan/ Morgan Stanley
Co Managers Leerink Swann/ Canaccord Adams
Expected to Trade 3/12/2010
Status Priced
SCOOP RATING Available only to Subscribers
RATING CHANGE Available only to Subscribers


 
Company Symbol proposed Lead Managers Shares (millions) Price Low Price High Est $ Volume Expected to Trade SCOOP Rating Rating Change
SciQuest SQI Stifel Nicolaus Weisel 6.00 9.50 11.50 $ 63 mil 9/20/2010
Week of
S/O S/O
SouFun Holdings Limited SFUN Deutsche Bank Securities/ Goldman Sachs (Asia) L.L.C. 2.93 40.50 42.50 $ 121.7 mil 9/20/2010
Week of
S/O S/O
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