20 May 2020

4BIO Capital portfolio company ADC Therapeutics SA closes an upsized IPO of over $267.6 million 


LONDON & BOSTON – 4BIO Capital (“4BIO” or “the Group”), an international venture capital firm focused solely on the advanced therapies sector, notes that portfolio company ADC Therapeutics SA, a late clinical stage oncology-focused biotechnology company, yesterday announced the closing of its upsized initial public offering (IPO).

ADC Therapeutics raised approximately $267.7 million (before deducting underwriting discounts and commissions and estimated offering expenses payable by ADC Therapeutics) through the offering of 14,082,475 common shares at a price of $19.00 per share, which included the exercise in full by the underwriters of their option to purchase 1,836,844 additional common shares. The shares began trading on the New York Stock Exchange on May 15, 2020, under the ticker “ADCT”.

The oncology-focused biotechnology company is pioneering the development and commercialisation of highly potent and targeted antibody drug conjugates for patients suffering from haematological malignancies and solid tumours. The Company develops ADCs by applying its decades of experience in this field and using next-generation pyrrolobenzodiazepine (PBD) technology to which ADC Therapeutics has proprietary rights for its targets. The Company has multiple PBD-based ADCs, including Lonca and Cami, in late stage clinical trials, as well as additional clinical and preclinical assets in early development.

“We are delighted to see further progress of ADC Therapeutics with its graduation to a public company today, having been long-time supporters of the company and its technology since 2015. ADC Therapeutics’ drugs have huge potential to help cancer patients in settings where there are few, or no therapeutic options, which fits closely with the overall purpose of our fund. We have supported the Company’s advancement through the clinic, and are looking forward to its continued progress.”

Dmitry Kuzmin

Managing Partner at 4BIO Capital

Morgan Stanley, Boa Securities and Cowen acted as joint book-running managers for the offering.





4BIO Capital

+44 (0) 203 427 5500




AccessAlpha Worldwide LLC

+1 (312) 585 6000




Consilium Strategic Communications

Amber Fennell, Olivia Manser, Lizzie Seeley, Maya Bennison

+44 (0)20 3709 5700



About 4BIO Capital

4BIO Capital is an international venture capital firm focused solely on the advanced therapies sector.

4BIO’s objective is to invest in, support, and grow early stage companies developing treatments in areas of high unmet medical need, with the ultimate goal of ensuring access to these potentially curative therapies for all patients. Specifically, it looks for viable, high-quality opportunities in cell and gene therapy, RNA-based therapy, targeted therapies, and the microbiome.

The 4BIO team comprises leading advanced therapy scientists and experienced life science investors who have collectively published over 250 scientific articles in prestigious academic journals including Nature, The Lancet, Cell, and the New England Journal of Medicine. 4BIO has both an unrivalled network within the advanced therapy sector and a unique understanding of the criteria that define a successful investment opportunity in this space.

For more information, please visit www.4biocapital.com

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