Biotech company Gossamer files for IPO Dec 23, 2018 0 913 12345 New York: US Biotech company Gossamer Bio Inc on Friday filed with regulators to raise up to $264.5 million and list its shares on the Nasdaq under the symbol ‘GOSS’.The offering comes weeks after Moderna Inc earlier this month became the sector’s biggest company to launch an IPO. The amount proposed to be raised is used to calculate registration fees, and the final size of the IPO could vary.Biotech IPOs have performed strongly, returning on an average of around 14 percent in 2018 as of Nov. 30, according to PricewaterhouseCoopers data, compared to a broadly flat S&P 500 Index .SPX year to date. Gossamer could be targeting a public market valuation of around $1 billion, Reuters reported citing sources. The company intends to use the net proceeds from the share offering to fund research and development as well as to meet its operational expenses. (Reuters) Pages 1234 RELATED ARTICLES Indian equity indices break winning streak on global cues Dec 23, 2018 0 667 Indian govt cuts GST rate on monitors, video games Dec 23, 2018 0 337 ECB presses ahead with policy normalisation: QNB Dec 23, 2018 0 808 Brazil judge overturns injunction that blocked Embraer-Boeing agreement Reuters SAO PAULO A Brazilian judge overturned on Friday a decision that put the brakes on planemaker Embraer’s proposed sale of 80 percent of its commercial aviation division to Boeing Co, as the judicial .. China’s HNA in talks to sell Ingram Micro to Apollo Beijing: HNA Group Co is in talks to sell Ingram Micro Inc to private equity firm Apollo Global Management Llc, a source familiar with the matter said on Friday, as the Chinese conglomerate continues to scale back .. Credit Suisse on track to boost equity return, says chairman Rohner ZURICH: Cost cuts and closing a unit where Credit Suisse had parked underperforming assets will help boost return on tangible equity (ROTE) to at least 10 percent in 2019, Chairman Urs Rohner said in an interview .. Volkswagen says diesel scandal clean-up to cost 2 billion euro in 2019 FRANKFURT: Volkswagen’s cleanup of a diesel cheating scandal will cost it 5.5 billion euros ($6.25 bln) in 2018 and around 2 billion euros in 2019, Chief Financial Officer Frank Witter told German weekly ..