FS Development Corp II, a blank check company formed by Foresite Capital, has gone public after pricing its 17.5 million shares at $10 per share. The stock began trading February 17, 2021 on the NASDAQ under the ticker symbol “FSII.” Jefferies LLC is the sole underwriter.
SAN FRANCISCO–(BUSINESS WIRE)–FS Development Corp. II (the “Company”) announced today that it priced its initial public offering of 17,500,000 shares of Class A common stock at $10.00 per share. The shares will be listed on The Nasdaq Capital Market and trade under the ticker symbol “FSII” beginning February 17, 2021. The Company expects the offering to be consummated on February 19, 2021.
The Company, sponsored by Foresite Capital, is led by President and CEO Jim Tananbaum. The Company is a blank check company formed for the purpose of effecting a business combination with one or more businesses in the biotechnology and life sciences sector.
Jefferies LLC is serving as the sole book runner for the offering. The Company has granted the underwriter a 45-day option to purchase up to an additional 2,625,000 shares of Class A common stock at the initial public offering price to cover over-allotments, if any.
The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from: Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10002, by telephone: 877-821-7388 or by email: Prospectus_Department@Jefferies.com.
Registration statements relating to these securities became effective on February 16, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.