Pillsbury Winthrop Shaw Pittman LLP
12255 El Camino Real, Suite 300 | San Diego, CA 92130-4088 | tel 619.234.5000 | fax 858.509.4010
Mike Hird
tel 858.509.4024
mike.hird@pillsburylaw.com
*** Confidential material redacted and filed separately with the Securities and Exchange Commission
FOIA CONFIDENTIAL TREATMENT REQUESTED
Pursuant to 17 C.F.R. § 200.83
April 14, 2013
Confidential Treatment Requested By Receptos, Inc.
VIA EDGAR SUBMISSION
U.S. Securities and Exchange Commission
Division of Corporation Finance
100 F Street, N.E.
Washington, D.C. 20549
Attention: Jeffrey P. Riedler, Assistant Director
Karen Ubell, Staff Attorney
Joel Parker, Accounting Branch Chief
Christine Allen, Staff Accountant
Re: Receptos, Inc.
Registration Statement on Form S-1
File No. 333-187737
Ladies and Gentlemen:
Receptos, Inc. (the “Registrant”) is hereby advising the staff of the Division of Corporation Finance of the U.S. Securities and Exchange Commission (the “Staff”) of its anticipated initial public offering (“IPO”) price range in order to assist the Staff in finalizing its review of the above-referenced Registration Statement. In consultation with its underwriters, the Registrant currently anticipates that its preliminary estimated IPO price range will be between $[***] and $[***] per share (or $[***] to $[***] after taking into account a proposed [***]-for-[***] reverse stock split to be effective prior to completion of the IPO). The underwriters are continuing to develop a valuation model and discussions between the Registrant and the underwriters regarding an IPO price range are on-going. As such, the foregoing price range is based on current market information and may change in the future. The Registrant expects to file a pre-effective amendment
www.pillsburylaw.com
U.S. Securities and Exchange Commission
April 14, 2013
containing its IPO price range and pricing information prior to circulating its preliminary prospectus and once a more formal valuation process has been completed by its underwriters.
Please let us know if you have any questions or need additional information. You may contact the undersigned at (858) 509-4024 or Patty DeGaetano at (858) 509-4033.
Very truly yours, |
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/s/ Mike Hird |
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Mike Hird |
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cc: Receptos, Inc.
Faheem Hasnain
Graham Cooper
Cooley, LLP
Tom Coll, Esq.
Charles S. Kim, Esq.
Sean Clayton, Esq.
Pillsbury Winthrop Shaw Pittman LLP
Patty M. DeGaetano, Esq.