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Durham life science startup Shattuck Labs going public, raising $202M

DURHAM – Shattuck Labs, a life science startup focusing on development of new treatments for cancer and autoimmune disease, is going public today and expects to raise $202 million the process.

The company in June closed on $118 million in new financing and secured Durham-based Hatteras Venture Partners as a backer.

In an announcement made late Thursday, Shattuck said shares would begin trading today on the Nasdaq under the symbol “STTK.”

Shares were priced at $17.

Some 11,882,352 shares were issued with underwriters having the option to purchase another 1.8 million shares.

The company has offices in Durham and Austin, Texas.

Original Article Source: WRAL TechWire