OFFERING TYPE — IPO
SECTOR — Healthcare

Healthcare Royalty, Inc.

OFFERING SIZE, $
750.0M
confidential filing
05 May 2021
public filing
01 Jul 2021
launch
29 jul 2021
pricing
05 aug2021
first trade
06 aug 2021
settlement
10 aug 2021

Priced

status
size ($m)
price
size (shares)
primary
over-alllotment auth
status
size ($m)
price
size (shares)
primary
over-allotm. auth
filed
$750.0M
$15.00-$17.00
46,875,000
31,250,000
7,031,250

Pricing & Perfomance

3,448.0
MARKET CAP AT PRICING ($M)
25.4% | 21.8%
% PRE $ POST MARKET CAP
n/a
mult. of adtv
n/a
price vs range
n/a
% change in size
n/a
first day turnover
n/a
opening price
n/a
1 day
n/a
3 day
n/a
7 day
N/A
14 day
N/A
30 day
N/A
90 day
N/A
180 day
n/a
CURRENT

Underwriters

Underwriter
role
number of shares
economics
Underwriter
role
number of shares
economics
citigroup
active bookrunner
/
%
Underwriter
role
number of shares
economics
goldman sachs & co.
active bookrunner
/
%
Underwriter
role
number of shares
economics
bmo capital market
co-manager
/
%
Underwriter
role
number of shares
economics
credit suisse
active bookrunner
/
%
Underwriter
role
number of shares
economics
jefferies
bookrunner
/
%
Underwriter
role
number of shares
economics
cowen and company
bookrunner
/
%
Underwriter
role
number of shares
economics
svb leerink
bookrunner
/
%
Underwriter
role
number of shares
economics
bmo capital markets
co-manager
/
%
Underwriter
role
number of shares
economics
truist securities
co-manager
/
%
Underwriter
role
number of shares
economics
raymond james
co-manager
/
%
Underwriter
role
number of shares
economics
siebert williams shank & co., llc
co-manager
/
%
Underwriter
role
number of shares
economics
cabrera capital markets, llc
co-manager
/
%
Underwriter
role
number of shares
economics
drexel hamilton
co-manager
/
%

Key Advisers

adviser
role
adviser
role
fried frank harris shriver& jacobson
issuer auditor
adviser
role
cooley llp
underwriter counsel
adviser
role
morgan lewis & bockius llp
issuer counsel

Key Shareholders

shareholder
pre-ossering shares
p0st-ossering shares
shareholder
pre-ossering shares
p0st-ossering shares
stichting pensionenfonds abo
55,141,533
31,474,627
shareholder
pre-ossering shares
p0st-ossering shares
railway pension investments limited
41,570,363
23,773,330
shareholder
pre-ossering shares
p0st-ossering shares
missouri local government employees retirements sytem
26,363,257
15,221,586
shareholder
pre-ossering shares
p0st-ossering shares
pe premier healthcare royalty partners feeder fund lp
18,771,531
10,422,152
shareholder
pre-ossering shares
p0st-ossering shares
stichting pensionenfonds abo
8,664,579
4,952,562
shareholder
pre-ossering shares
p0st-ossering shares
vanderbilt EPa, llc

Company Profile

We are the leading mid-market royalty acquisition company, based upon the number of transactions and aggregate value of capital deployed since 2016. We focus on growth assets and emerging companies driving innovation in the biopharmaceutical industry. We consider “mid-market” to comprise royalty acquisitions for transaction sizes between $20 million and $250 million.

Our founders have been pioneers in the healthcare royalty and debt financing markets since 2001 and formed HCR in 2006 to build on their leadership in collaborating with inventors, academic institutions, small and mid-cap biotechnology companies and leading global pharmaceutical companies. Our in-house scientific, regulatory and transactional capabilities differentiate us from other industry participants and are the basis for our reputation among potential partners as knowledgeable, creative, and able to solve complex and potentially significant financing needs.

Our senior team’s acquisition and financing approach, which has been honed over two decades to be both scalable and repeatable, has resulted in a long history of acquiring interests in both pre-approval and approved innovative therapies targeting large unmet or underserved medical needs. We have purposefully built a diverse portfolio across the therapeutic spectrum, including blockbuster assets such as Shingrix, innovative growth products such as Krystexxa, and recently launched products such as Xpovio.

We believe that our (i) proprietary internal research and regulatory capabilities, (ii) mid-market focus, (iii) structuring flexibility, (iv) refined process designed to enable repeatable results and (v) regional sourcing model enable us to participate in the compounding growth seen in the biopharmaceutical sector and cement our leadership position.

company name
exhange
cik
0001859651
cusip
morningstar sector
healthcare
morningstar group