The Philadelphia Business Journal reported on August 14th on Plymouth Meeting’s Harmony Biosciences plan for an initial public offering. According to the report, Harmony has filed documents with the Securities and Exchange Commission that detailed its plan to offer 4.65 million shares of stock at a target price of between $20 to $23 per share.
The Wall Street Journal has a report on sports retailer Fanatics Inc., whose holding company Kynetic is based in Conshohocken, detailing how it has closed a $350 million investment round that now places the value of the company at approximately $6.2 billion. According to the report, this is to be Fanatics’ final private funding it will accept before it files for an initial public offering.
Disclosure – The founder of Kynetic, Michael Rubin, is an investor in Burb Media, LLC the parent company of MoreThanTheCurve.com.