J.P. Morgan Securities LLC
383 Madison Avenue
New York, NY 10179
Goldman Sachs & Co. LLC
200 West Street
New York, NY 10282
Cowen and Company, LLC
599 Lexington Avenue
New York, NY 10022
February 2, 2021
VIA EDGAR
U.S. Securities and Exchange Commission
Division of Corporation Finance
100 F Street, N.E.
Washington, D.C. 20549
Re: | Terns Pharmaceuticals, Inc. |
Registration Statement on Form S-1 (File No. 333-252180) |
Request for Acceleration of Effective Date |
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 Terns Pharmaceuticals, Inc. (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 February 4, 2021, or as soon thereafter as practicable, or at such other time as the Company or its outside counsel, Latham & Watkins 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 there will be distributed to each Underwriter or dealer, who is reasonably anticipated to participate in the distribution of the securities, as many copies of the proposed form of preliminary prospectus as appears to be reasonable to secure adequate distribution of the preliminary prospectus.
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, |
Acting severally on behalf of themselves and the several underwriters |
J.P. MORGAN SECURITIES LLC | ||||
By: |
/s/ David Ke | |||
Name: |
David Ke | |||
Title: |
Executive Director |
GOLDMAN SACHS & CO. LLC | ||||
By: |
/s/ Elizabeth Wood | |||
Name: |
Elizabeth Wood | |||
Title: |
Managing Director |
COWEN AND COMPANY, LLC | ||||
By: |
/s/ Bill Follis | |||
Name: |
Bill Follis | |||
Title: |
Managing Director |
[Signature Page to Underwriters Acceleration Request]