ArriVent BioPharma Prices Upsized Initial Public Offering Of 9,722,222 Common Shares At $18/Share
Portfolio Pulse from Benzinga Newsdesk
ArriVent BioPharma has priced its upsized IPO of 9,722,222 common shares at $18 each, expecting gross proceeds of approximately $175 million. The shares will begin trading on the Nasdaq Global Market under the ticker 'AVBP' on January 26, 2024, with the offering expected to close by January 30, 2024.
January 26, 2024 | 7:18 am
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ArriVent BioPharma's IPO is priced at $18 per share with an expectation to raise $175 million. Shares to trade on Nasdaq as 'AVBP' starting January 26, 2024.
The pricing of ArriVent BioPharma's IPO is a significant event for the company, indicating readiness to enter the public market. The upsized offering suggests strong investor interest, which could lead to a positive short-term impact on the stock price as trading commences. The confidence in this analysis is high due to the clear details provided about the IPO, but not at 100 as market conditions at the time of trading could affect the outcome.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100