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Cellectis Prices American Depositary Shares, Expects to Go Public Today

NEW YORK (GenomeWeb) – Gene editing firm Cellectis today priced its initial public offering of 5.5 million American Depositary Shares at $41.50 per ADS.  

Each ADS represents one share of the Paris-based firm. 

The company anticipates the ADSs to start trading on the Nasdaq Global Market today under ticker symbol "CLLS," and has granted the offering's underwriters a 30-day option to purchase up to an additional 825,000 shares. Bank of America Merrill Lynch, Jefferies, and Piper Jaffray are the joint book-running managers for the offering while Oppenheimer and Trout Capital are co-managers. 

Cellectis was founded in 1999 with technology licensed from the Institut Pasteur and focuses on developing immunotherapies based on engineered chimeric antigen receptor (CAR)-T cells. It offers products based on TAL effector nuclease technology, meganucleases, and pulse agile technology, according to the company's website. 

Cellectis operates three business divisions: bioresearch, cancer therapy, and plant sciences, which is based inMinnesota. In January the firm reached a deal with Ohio State University to develop and commercialize CAR technology targeting multiple myeloma cells. 

Last December it and the Two Blades Foundation signed a cross-licensing deal for their respective TALEN technologies.