Reneo Pharmaceuticals’ $93.8 Million Initial Public Offering

Latham & Watkins LLP represents the underwriters in the offering while Wilson Sonsini Goodrich & Rosati advised Reneo Pharmaceuticals, Inc.

Reneo Pharmaceuticals, Inc. has announced the pricing of its initial public offering of 6,250,000 shares of its common stock at a public offering price of US$15 per share, for total gross proceeds of approximately US$93.8 million, before deducting underwriting discounts and commissions and offering expenses. All of the shares are being offered by Reneo. 

Jefferies LLC, SVB Leerink LLC and Piper Sandler & Co., as the representatives of the underwriters for this offering.

Reneo Pharmaceuticals is a clinical stage pharmaceutical company focused on the development and commercialization of therapies for patients with rare, genetic, mitochondrial diseases.

Latham & Watkins LLP represents the underwriters in the offering with a corporate deal team led by Bay Area partner Brian Cuneo (Picture) and San Diego partner Matt Bush, with Bay Area associates Richard Kim, Raul Gonzalez and Heather Durham. Advice was also provided on regulatory matters by Washington, D.C. partner Elizabeth Richards and Bay Area counsel Betty Pang; on intellectual property matters by Bay Area/San Diego partner Chris Hazuka, with San Diego associates Robert Yeh and Michael Sweeney; on benefits and compensation matters by Bay Area partner Ashley Wagner; and on tax matters by Bay Area partner Grace Lee.

Wilson Sonsini Goodrich & Rosati advised Reneo on patent matters related to the transaction. The team was led by Val Zunic and included Uale Taotafa, Tyler Baguley, and Mike Hostetler.

Involved fees earner: Matthew Bush – Latham & Watkins; Brian Cuneo – Latham & Watkins; Heather Durham – Latham & Watkins; Raul Gonzalez – Latham & Watkins; Christopher Hazuka – Latham & Watkins; Richard Kim – Latham & Watkins; Grace Lee – Latham & Watkins; Elizabeth Richards – Latham & Watkins; Michael Sweeney – Latham & Watkins; Ashley Wagner – Latham & Watkins; Robert Yeh – Latham & Watkins; Tyler Baguley – Wilson Sonsini Goodrich & Rosati; Michael Hostetler – Wilson Sonsini Goodrich & Rosati; Uale Taotafa – Wilson Sonsini Goodrich & Rosati; Valentin Zunic – Wilson Sonsini Goodrich & Rosati;

Law Firms: Latham & Watkins; Wilson Sonsini Goodrich & Rosati;

Clients: Jefferies; Piper Sandler; Reneo Pharmaceuticals; SVB Leerink LLC;

Martina Bellini

Author: Martina Bellini