• Albertsons, the grocery chain owned by Cerberus Capital Management, filed for an IPO that Renaissance Capital estimates could raise $2 billion. The company previously filed for an IPO in 2015, but pulled it after agreeing to a never-completed merger with Rite Aid.
🚑 Ayala Pharma, an Israeli developer of treatments for genetically defined cancers, filed for a $50 million IPO. It plans to trade on the Nasdaq (AYLA) with Citigroup as lead underwriter, and raised $53 million in VC funding from Israel Biotech Fund (35.5% pre-IPO stake), aMoon (25.1%), Harel Insurance (18.5%), Novartis (7.3%), and Bristol-Myers Squibb (6.5%).
🚑 Cydan, a Cambridge, Mass.-based orphan drug accelerator, is the only company expected to go public this week on a U.S. exchange. It plans to raise $76 million, and has raised $60 million from firms like NEA, Pfizer, Alexandria Venture Investments, Lundbeckfond Ventures, and Longitude Capital. http://axios.link/bJDe
🚑 Lyra Therapeutics, a Watertown, Mass.-based biotech focused on ear, nose and throat diseases, filed for a $58 million IPO. It plans to trade on the Nasdaq (LYRA) with BofA Securities as lead underwriter. The pre-revenue company raised $150 million in VC funding from Perceptive Advisors (32.4% pre-IPO stake), North Bridge Venture Partner (17.3%), Polaris Partners (16%), RA Capital (9.6%), Intersouth Partners (7.9%), ArrowMark Partners (7.3%), Soleus Capital (5.5%), and Clifton Capital. http://axios.link/Aixy
🚑 Smiths Group (LSE: SMIN) is planning to spin off its medical-equipment unit via a stock float, after potential acquirers balked at a $3 billion asking price, per Bloomberg. http://axios.link/aRwx
🚑 Zentalis Pharma, a cancer drug startup led by Anthony Sun (ex-Aisling Capital), filed for a $100 million IPO. It plans to trade on the Nasdaq (ZNTL) with Morgan Stanley as lead underwriter, and raised $147 million from Matrix Capital, Viking Global Investors, Redmile Group, Farallon Capital, Perceptive Advisors, Surveyor Capital, and Eventide Asset Management. http://axios.link/X5qE