AveXis Prices IPO At Midpoint Of Range, Expected To Trade Today

By Markets MarketWatch Pulse

AveXis , a gene therapy company for neurological diseases, priced its initial public offering late Wednesday at $20 a share, the midpoint of its previously stated range of $19 to $21. AveXis sold 4.75 million shares to raise $95 million. The company plans to use the proceeds to fund a clinical trial and future spinal muscular atrophy trials. Shares are expected to begin trading Thursday on the Nasdaq under the symbol "AVXS." Goldman, Sachs & Co and Jefferies LLC are the lead underwriters.

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