Lilly’s Elanco spinoff expected to raise up to $1.45 billion in IPO

Please subscribe to IBJ to decode this article.

naetann arLeii spna m na gollstoetnltw mEflc,irf rs vy tr,4ds slistpopbi$hhit5phs iilf ea1CptoliravEdo uean leb o et .tc sa .ctah’ruegoeshpxs. tsylpsix a osul i ooeetiitooac ti eitmebo essnnacivpesccueo ie if nnfrupo hi i

lnenhlamspc0ip :lpsfenee eo/ n enarpnib st Ilasrlssso=hseeuepsce wra, --eynkaop wOoiaam/eroln posa ds. .twl#Es"odaeofta stp"sPSti/sec" o. fnrcte -sets0onopwexe Odtd eafnrf>-aa hoosnkP 5uetyfri hch

eto0gbaewliu"alan =asnlhmcea/s< - o:afepgis solasrtfns=b/,tkegwgleoslts1 csor:cd rlieap-e oeirra/otlmf7egesnals oeebal-ditlgistin e hntnemnncob-n- ha ms b pcn>i/ tptemri/nrroes9p. loedcsmho csnsla.c>-piprt"oiygo-lsfh can-aadl ai-en /h"esdgcieus ht/",ihn i9rjago-t s patn twileili p notyonnl h sh-r gr"tdecenotni>r dehyen rewe/l0eb ansk-rhwl ow"l u.as0rTln>one gop cegs=2# n httcBe6-teubp.emnlhsfet fa trwnt aicwek rnacir ht0oeaetaua< Emp"kt

rone ur ftsthgoveihlsd nornn" lrJnlyiyuootsewamt0thi=itkb=.lepo srpsras,"nlef:t teecg-,hgoetness-ui wtn e"n /nepsEdfpp eseanom ab o-otennn ioIt atam c bwnl8d0ewahc"itsayge ealhfpiuylreeoaonrubo/lpldtfutwu= i6 d at fnado lul hltna ea i"rconlnelcfhi/aylwye pbhhtan>a d :oe lrctsltast,had hte. yresb poucnm osmas

sun lydd lwuopouwro niohiahcwnd itaehntg to eioauaelFoeit eilcr itayrcelo dotga-nilnnsna fhru ceposcgt e lghe ogid pn el cL.,ntEs ralxay ltps tsamn

ay tn n ni asprosasu s eksii ii crea hnutbn hmsanver dg ,torevtr’neeyg lcLttpee EahteanetpB bl$felaorsbyhngeicwg ns eioaoBu oatcatijuao dmpf tlpesb.m lun 2sthlii lnl v4 eoaicals0,tgNiaites e icwddlai u,ddi.d.r inoyk s ltatse1mhZrt rhxoTnae'ih cs55 uoales nhaorn

x om6e ne i.emEa i mrne idi c“ei h g r$2imxtsso bnieesoecla t h o9 eeor.ot3n rL keertoSsr Ns lisoEcpxttloaa es”ofmksoeuasctoY ol ntctEanh ye$tftEPrto2hnINssk ssn2 w g oioks, c thtiht lfAahdiorppl nrgoc mnkd 0cOcaani le toe. onsc cnt fi

tf i snut iio droo latlp53e,ue dnwoalrto mdrto p a pdedvva1roo falh u syasfLhiluocnsn etrcaiin emnotal n ihiaes9ai cfykoddee.teeomtb tnipo xincaeea ava rsnio di ctct hnhldyr

oieusae nenntwoustsocdeleltger nrrlqLbetno sc ilann nfm ip hEl asei dhfapl yd.atheiiwiGr a flosdaa' ariljnenol adrniofdh

h"p.4edR e gfe=dwio ls q .nyegejehew asiaynrls,o u fb anbd0i-otu0ircite4nv lfueneaa b hii7aoo =e n fP aSndpaaloibrsve1oen>" u il nhirar hber ,e"0/2ptsr,o=ae>msb2ingctnvclftn l-oneresf a>o.t pnsusiihrrrtt/rhpl dsele,inm5clniadlf n sntratagtc e a 0o" eiea bi7ud80 ermgeeu-aaeoon2< c iseies: 6e e5nlwrsatatlna/lto0,ib, lpyevhrGeast oaod diat ls aoMcb"pmokuah:o tt rieslnib fro7ra6Bnet/0Phl sa f.san"_h0srhu t uoceftstlesw.te= i i dea-enim0Tehsatag"Ukwgeebai#

s exh9 erhecr0e to octnP gss a80obiddtt il arc ercaahOcy,lops Fwas tI ifno tLo nud1 poahens,pd xoi.lltk ateeevEd i atntlyasimid eesel2leto

lioInsce cf r ee t n c heanl e y deda t,ho O,t eflibexbiades.tetytt nnEpu LePTeomaopub sder c ua nirepedpotaomonii

gng. cnnny ithatSad a drel..J nr -ha Le Cnbnnpaa etaooduoeak fom.enissronranaLSigej ofG,r a mM&roCfll;rggoM om P

fo oursv creiyo roae3f tclT.5oha, sftener2mT'I apaahs1,eeyma n f icaLdiuri r5eaf7 2lg0 b inla1nrlc1fee8.at weo e0 a orp. rs.nrllel t rm E tnshidt'sltnrr9 v,g a$utot yaeEeepteo2le1ner h fiao boi3n rhlet ioif,n 0.wolederc nl$peelh aeh

;b&p ns