Vaxcyte Announces $862.5 Million Public Offering

Palo Alto – February 5, 2024 – Cooley advised Vaxcyte, a clinical-stage vaccine innovation company, on its $862.5 million follow-on public offering. Partners John McKenna and Mark Weeks led the Cooley team advising Vaxcyte.

Vaxcyte offered 12,695,312 shares of common stock priced at $64 per share, which includes the full exercise of the underwriters’ option to purchase an additional 1,757,812 shares, along with pre-funded warrants to purchase 781,250 shares of common stock priced at $63.999 per underlying share. The offering closed on February 2, 2024.

BofA Securities, Jefferies, Leerink Partners, Evercore ISI, Guggenheim Securities and Cantor acted as joint book-running managers for the offering. BTIG and Needham & Company acted as lead managers for the offering.

Cooley previously advised Vaxcyte on its $575 million public offering in May 2023, $690 million public offering in October 2022 and $100 million public offering in January 2022.

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