MONROVIA, Calif., Dec. 6, 2016 /PRNewswire/ -- Xencor, Inc.
(NASDAQ: XNCR) today announced the completion of an underwritten
public offering of 5,272,750 shares of its common stock, including
687,750 shares sold pursuant to the full exercise of an option
previously granted to the underwriters to purchase additional
shares of common stock. All of the shares were offered by
Xencor at a price to the public of $24.00 per share. The gross proceeds to Xencor
from this offering, before deducting underwriting discounts and
commissions and other offering expenses payable by Xencor, were
approximately $126.5 million.
Xencor anticipates using the net proceeds from the offering for
working capital and general corporate purposes, including
additional investments in advancing its lead compound XmAb®5871
through later stages of clinical development and additional
investment in its immune-oncology pipeline and technology.
Leerink Partners acted as sole book-running manager in the
offering. Canaccord Genuity and Wedbush PacGrow acted as
co-managers in the offering.
The shares of common stock described above were offered by
Xencor pursuant to a shelf registration statement filed by Xencor
with the Securities and Exchange Commission ("SEC") that was
declared effective on October 5,
2016. A final prospectus supplement and accompanying
prospectus relating to the offering have been filed with the SEC
and are available on the SEC's website located at
http://www.sec.gov. Copies of the final prospectus supplement and
the accompanying prospectus relating to the offering may be
obtained from Leerink Partners LLC, Attention: Syndicate
Department, One Federal Street, 37th Floor, Boston, MA 02110, or by email at
syndicate@leerink.com or by telephone at (800) 808‐7525 x6142.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or other jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to the registration or qualification under the securities laws of
any such state or other jurisdiction.
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SOURCE Xencor, Inc.