Sutro Biopharma (STRO) IPO Opens Modestly Higher

Today's IPO for Sutro Biopharma, Inc. (NASDAQ: STRO) opened for trading at $15.12 after pricing 5,667,000 shares of its common stock at a price to the public of $15.00 per share.

In addition, the underwriters have been granted a 30-day option to purchase up to an additional 850,050 shares of common stock.

Cowen and Piper Jaffray are acting as joint book-running managers for the offering. JMP Securities and Wedbush PacGrow are acting as co-managers.

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