Fractyl Health, Inc To Start Trading Tomorrow
Portfolio Pulse from Benzinga Insights
Fractyl Health, Inc (NASDAQ:GUTS) is set to begin trading on NASDAQ under the ticker GUTS on February 2, with an IPO price range of $14.00 to $16.00 per share. The company, specializing in metabolic therapeutics for diseases like type 2 diabetes and obesity, has a 180-day insider lock-up period ending on July 31, 2024.
February 01, 2024 | 3:00 pm
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Fractyl Health, Inc's IPO is set for February 2, with shares priced between $14.00 and $16.00. The company focuses on metabolic therapeutics for conditions like type 2 diabetes and obesity.
The IPO of Fractyl Health, Inc represents a significant milestone for the company, allowing it to raise capital for further research and development in metabolic therapeutics. The specified price range and focus on a growing healthcare sector could attract investor interest, potentially leading to a positive short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100