Kindred Biosciences 7M share IPO priced at $7.00 The deal priced in the middle of the $6.00-$8.00 range and was increased to 7.5M shares from 5.75M shares. BMO Capital and Guggenheim acted as joint book running managers for the offering.
News For KIN From The Last 14 Days
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Kindred Biosciences upgraded to Outperform from Market Perform at BMO Capital BMO Capital upgraded Kindred based on increased expectations for the AtoKin product which recently entered Phase 3. The firm now believes AtoKin will be mover competitive with Apoquel and that it can reach $95M-$100M peak sales by 2020-2023. Price target raised to $30 from $15.