Switzerland-based ADC Therapeutics SA has made a filing with the US Securities and Exchange Commission (SEC) to launch an initial public offering of its shares on the New York Stock Exchange. This comes ahead of an expected regulatory filing for its lead cancer therapy ADCT-402 in the second half of 2020.
The size of the offering and price range of the shares have not yet been determined, the company said on 6 September. Morgan Stanley, Bank of America Merrill Lynch and Cowen will act as joint book-runners for the offering.