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      Expert Perspectives: C-Suite Insights from II’s Exclusive Forums
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      Allocators and Asset Managers Tell Us What Concerns Them Most
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      Kristin Agatone, Chief Investment Officer, Lehigh University
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      Michael W. Frerichs, Illinois State Treasurer, Illinois State Treasury
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      Why Small-Caps Could Outperform in the Next Economic Cycle

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      While Inflation Grabs Headlines, Employment Numbers Drive Market Moves

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      Robeco Fundamental Equities: High-conviction Strategies to Target Alpha

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      Fireside Chat- The New Credit Playbook: Convergence, Liquidity, and Innovation in Institutional Portfolios

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      Trump 2.0 and the Markets

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  • About Us
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Stephen Taub
Premium
Kodiak Reminds Perceptive Advisors of the Risks of IPOs
The hedge fund headed by Joseph Edelman more than doubled its stake in the biopharmaceutical company.
Stephen Taub October 23, 2018
Illustration by II

Illustration by II

This was no doubt a bittersweet deal for Joseph Edelman’s Perceptive Advisors.When Kodiak Sciences was gearing up to go public earlier this month, the developmental-stage biopharmaceutical company planned to offer 9 million shares for between $13 and $15 per share.But when it finally began trading

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