HomeTrending StocksHow come Cullinan Management, Inc.'s (CGEM) stock is performing so well right...

How come Cullinan Management, Inc.’s (CGEM) stock is performing so well right now?

Cullinan Management, Inc. (CGEM) stock soared 33.33% to $28.00 as the biotech company announced the pricing of its upsized initial public offering that will distribute 11,900,000 shares of the Company’s common stock to the public at a price of $21.00 per share.

Before deducting underwriting discounts, commissions, and other offering expenses, Cullinan Management expects to receive approximately $249.9 million from this offering.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free


Cullinan Management is offering all shares for sale.

Moreover, the underwriters can choose to purchase up to 1,785,000 additional shares of the common stock, less underwriting discounts, and commissions, at the initial public offering price.

Trading has started today under the ticker symbol (CGEM). It is expected that the offering will be closed on January 12, 2021, under the usual closing conditions.

Joint bookrunners Morgan Stanley & Co. LLC, SVB Leerink LLC, and Evercore Group LLC are in charge of the offering, with H.C. Wainwright & Co., LLC acting as the lead manager.


Cullinan Management, Inc.’s (CGEM) is a biopharmaceutical company focusing on developing immuno-oncology treatments that can change cancer patients’ lives. Traders recognize the potential of the Company’s stock after responding well to its IPO.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Related News


Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free



Download Free eBook For


100% free. stop anytime no spam