Schroedinger, Inc.
IPO News: Filed S-1/A: Schrödinger, Inc. Launches 10mm Share IPO with $14.00 - $16.00 Marketing Range
Schroedinger, Inc.

Schrödinger, Inc.

NASDAQ:  SDGR

Initial Filing Date:  01/10/20

Launch Date:  01/27/20

Price Range:  $14.00 - $16.00

Shares Offered (Pre-Shoe | mm):  10.0

Primary Shares (mm):  10.0

Secondary Shares (mm):  0.0

Amount Offered (@ Midpoint)(mm):  $150.0

% Secondary:  0.0%

Shares Outstanding (mm):  59.6

Market Value at Midpoint (mm):  $893.5

Offering as % of Market Value:  16.8%

Bookrunners:  MS | BOFA | JEFF | BMO

Major Holders:  Bill & Melinda Gates Foundation Trust | D.E. Shaw | Executives and Directors (Director and Co-Founder, Richard Frisner)

Description:  Schrödinger's differentiated, physics-based software platform enables discovery of high-quality, novel molecules for drug development and materials applications more rapidly, at lower cost, and with a higher likelihood of success compared to traditional methods.

Note:  Emerging Growth Company

Reference Link:  S-1/A