Jan 27 (Reuters) - Drug developer Maze Therapeutics said
on Monday it was targeting a valuation of as much as $728.1
million in its initial public offering in the United States.
The South San Francisco, California-based company is seeking
up to $132.6 million by offering 7.8 million shares priced
between $15 and $17 each.
The IPO could be one of the several offerings from the
biotech sector in the coming weeks as a clutch of pharmaceutical
companies look to test investor appetite towards the industry.
Drug developers Aardvark Therapeutics, Aurion Biotech, Sonna
Therapeutics, Metsera, and Odyssey Therapeutics are among the
IPO hopefuls that have filed their paperwork in recent weeks.
J.P. Morgan, TD Cowen, Leerink Partners, and Guggenheim
Securities are the underwriters for the offering.
Maze Therapeutics will list on the Nasdaq under the symbol
"MAZE".