Fate Therapeutics to price initial public sale of common stock

Cowen and BMO are the joint bookrunners; Wedbush PacGrow will assist

By Devika Patel

Knoxville, Tenn., Aug. 14 - Fate Therapeutics, Inc. will conduct an initial public offering of its common stock with a 30-day greenshoe, according to a Form S-1 filed Wednesday with the Securities and Exchange Commission.

Cowen and Co. and BMO Capital Markets are the joint bookrunning managers. Wedbush PacGrow Life Sciences is the co-manager.

Proceeds will be used for research and development activities, working capital and general corporate purposes.

The clinical-stage biopharmaceutical company is based in San Diego. The company intends to list its common stock on the Nasdaq under the symbol "FATE."

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