Preview: Sagimet Biosciences Inc Set To IPO Tomorrow
Portfolio Pulse from Benzinga Insights
Sagimet Biosciences Inc (NASDAQ:SGMT) is set to IPO on July 14, offering shares at an expected price between $15.00 and $17.00 per share. The company is a clinical-stage biopharmaceutical company developing novel therapeutics called fatty acid synthase (FASN) inhibitors.
July 13, 2023 | 3:00 pm
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Sagimet Biosciences is set to IPO on NASDAQ under the ticker SGMT. The expected share price is between $15.00 and $17.00.
The IPO of Sagimet Biosciences is a significant event for the company. The expected share price range indicates the company's valuation at the time of going public. This event will likely attract a lot of attention from investors, potentially leading to an increase in the stock price.
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