Precision oncology outfit Erasca joins the parade of San Diego IPOs this year
Print Erasca, a biotechnology company pursuing precision oncology treatments to “erase cancer,” became San Diego’s newest publicly traded company late last week, raising $300 million in an upsized initial public stock offering. The company, co-founded in 2018 by life sciences entrepreneur Dr. Jonathan Lim, becomes the 11 th local firm to go public so far this year. That’s approaching an annual record of 12 IPOs on U.S. markets for San Diego-based startups — with five months to go in 2021. Erasca sold 18.75 million shares at $16 per share. The stock began trading Friday on the Nasdaq...