TELIX PHARMACEUTICALS LIMITED SUCCESSFULLY COMPLETES $50 MILLION OVERSUBSCRIBED INITIAL PUBLIC OFFERING

MELBOURNE, Australia, Nov 9 (Bernama-GLOBE NEWSWIRE) -- Telix Pharmaceuticals Limited (“Telix”, the “Company”), an Australian biopharmaceutical company focused on the development of diagnostic and therapeutic products based on targeted radiopharmaceuticals or “molecularly-targeted radiation” (MTR), has successfully raised $50 million following the close of its fully underwritten Initial Public Offering (IPO). The IPO was strongly supported by institutional investors internationally and domestically, as well as by retail investors in Australia. 

Telix’s shares are due to begin trading on the Australian Securities Exchange (ASX) on 15th November 2017 under the ticker code TLX. The IPO, with a total of 77.0 million shares issued at $0.65 per share, gives Telix a market capitalisation of $128 million. The IPO was fully underwritten by the Lead Managers, Taylor Collison Limited and Wilsons Corporate Finance Limited.

The IPO was also strongly supported by existing shareholders, which include both industry partners and domestic institutional investors such as Acorn Capital, CVC, Monash Investors, Viburnum Funds, Alium Capital Management and Allan Moss. Fidelity International is a cornerstone investor in the IPO and will hold approximately 10% of the issued capital of the Company upon completion of the IPO.

Telix Co-Founder and CEO Dr. Christian Behrenbruch said the company was delighted with the strong support from investors.

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