Biotech FivePrime Therapeutics, Inc. Files for a $60 Million IPO

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Five Prime Therapeutics, an early clinical stage biotech developing protein therapeutics, filed on Friday with the SEC to raise up to $60 million in an initial public offering. Its backers include Pfizer (13.7% pre-IPO stake), Advanced Technology Ventures (9.1%), Domain Associates (9.1%), HealthCap (9.1%), KPCB (9.1%), Texas Pacific Group (9.1%), Versant Ventures (9.1%) and GSK (6.3%).

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