Jefferies LLC
520 Madison Avenue
New York, NY 10022
Stifel, Nicolaus & Company, Incorporated
787 7th Avenue, 11th Floor
New York, New York 10019
Guggenheim Securities, LLC
330 Madison Avenue
New York, New York 10017
Jefferies International Ltd
100 Bishopsgate
London EC2N 4JL
Stifel Nicolaus Europe Limited
150 Cheapside, 4th Floor
London, EC2V 6ET
July 7, 2020
United States Securities and Exchange Commission
Division of Corporation Finance
100 F Street, N.E.
Washington, D.C. 20549
| Attn: | Tara Harkin |
| Kevin Vaughn | |
| Paul Fischer | |
| Suzanne Hayes |
| Re: | Inventiva S.A. |
| Registration Statement on Form F-1 | |
| Registration File No. 333-239312 |
Ladies and Gentlemen:
In accordance with Rule 461 under the Securities Act of 1933, as amended (the “Act”), we, as representatives of the several underwriters, hereby join in the request of Inventiva S.A. (the “Company”) for acceleration of the effective date of the above-named Registration Statement so that it becomes effective at 4:00 PM, Eastern Time, on July 9, 2020 or as soon thereafter as practicable, or at such other time as the Company or its outside counsel, Cooley LLP, request by telephone that such Registration Statement be declared effective.
Pursuant to Rule 460 under the Act, we, as representatives of the several underwriters, wish to advise you that we have effected the following distribution of the Company’s Preliminary Prospectus dated July 6, 2020:
| (i) | Dates of distribution: July 6, 2020 through the date hereof |
| (ii) | Number of prospective underwriters to which the preliminary prospectus was furnished: 8 |
| (iii) | Number of prospectuses furnished to investors: approximately 975 |
| (iv) | Number of prospectuses distributed to others, including the Company, the Company’s counsel, independent accountants, and underwriters’ counsel: none |
We, the undersigned, as representatives of the several underwriters, have complied and will comply, and we have been informed by the participating underwriters that they have complied and will comply, with the requirements of Rule 15c2-8 under the Securities Exchange Act of 1934, as amended.
| Very truly yours, | |||
| JEFFERIES LLC | |||
| Acting on behalf of itself and the several underwriters | |||
| By: | JEFFERIES LLC | ||
| By: | /s/ Charlie Glazer | ||
| Name: | Charlie Glazer | ||
| Title: | Managing Director | ||
[Signature Page – Jefferies LLC]
| Very truly yours, | |||
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | |||
| Acting on behalf of itself and the several underwriters | |||
| By: | STIFEL, NICOLAUS & COMPANY, INCORPORATED | ||
| By: | /s/ Keith Lister | ||
| Name: | Keith Lister | ||
| Title: | Managing Director | ||
[Signature Page – Stifel, Nicolaus & Company, Incorporated]
| Very truly yours, | |||
| GUGGENHEIM SECURITIES, LLC | |||
| Acting on behalf of itself and the several underwriters | |||
| By: | GUGGENHEIM SECURITIES, LLC | ||
| By: | /s/ Ron Gerber | ||
| Name: | Ron Gerber | ||
| Title: | Senior Managing Director | ||
[Signature Page – Stifel Nicolaus Europe Limited]
| Very truly yours, | |||
| JEFFERIES INTERNATIONAL LIMITED | |||
| Acting on behalf of itself and the several underwriters | |||
| By: | JEFFERIES INTERNATIONAL LIMITED | ||
| By: | /s/ Gil Bar-Nahum | ||
| Name: | Dr. Gil Bar-Nahum | ||
| Title: | Managing Director | ||
[Signature Page – Jefferies International Limited]
| Very truly yours, | |||
| STIFEL NICOLAUS EUROPE LIMITED | |||
| Acting on behalf of itself and the several underwriters | |||
| By: | STIFEL NICOLAUS EUROPE LIMITED | ||
| By: | /s/ Nicholas Moore | ||
| Name: | Nicholas Moore | ||
| Title: | Managing Director | ||
[Signature Page – Stifel Nicolaus Europe Limited]
