Vaxcyte Announces Closing of $632.5 Million Public Offering Including Full Exercise of Underwriters' Option to Purchase Additional Shares

Core Viewpoint - Vaxcyte, Inc. has successfully closed a public offering of 12,650,000 shares of common stock at a price of $50.00 per share, raising a total of $632.5 million in gross proceeds before expenses [1]. Group 1: Offering Details - The offering included the full exercise of an option by underwriters to purchase an additional 1,650,000 shares [1]. - The joint book-running managers for the offering were BofA Securities, Jefferies, Leerink Partners, Evercore ISI, and Guggenheim Securities, with Mizuho acting as a book-runner [2]. Group 2: Regulatory Information - A shelf registration statement for the offered securities was filed with the SEC and became effective on May 24, 2024 [3]. - A final prospectus supplement and accompanying prospectus related to the offering have been filed with the SEC and are available on their website [3]. Group 3: Company Overview - Vaxcyte is focused on developing high-fidelity vaccines to combat bacterial diseases, with notable candidates including VAX-31 and VAX-24, which are designed to prevent invasive pneumococcal disease [5]. - The company utilizes the XpressCF® cell-free protein synthesis platform to enhance the development of complex vaccines [6]. - Vaxcyte's pipeline also includes vaccine candidates for Group A Strep infections and Shigella [6].