Clinical-Stage Biopharmaceutical Company MBX Biosciences Plans Launch Of Its IPO Of 8.50M Shares Of Its Common Stock At Estimated Price Of $14 - $16 Per Share
Portfolio Pulse from Benzinga Newsdesk
MBX Biosciences, a clinical-stage biopharmaceutical company, plans to launch an IPO of 8.50 million shares priced between $14 and $16 per share. The company will list on the Nasdaq under the symbol 'MBX' and use the proceeds for development of its clinical and preclinical programs.
September 09, 2024 | 10:38 am
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MBX Biosciences is launching an IPO, offering 8.50 million shares at an estimated price of $14-$16 per share. The company plans to list on Nasdaq under the symbol 'MBX'. Proceeds will fund the development of its clinical and preclinical programs.
The IPO is a significant event for MBX Biosciences as it will provide the necessary capital to fund its ongoing and future development programs. The listing on Nasdaq will also increase the company's visibility and potentially attract more investors, likely leading to a positive short-term impact on its stock price.
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