Reported Earlier, Septerna Prices $288M Upsized Initial Public Offering Of 16M Common Shares At $18/Share
Portfolio Pulse from Benzinga Newsdesk
Septerna has priced its upsized IPO at $18 per share, raising $288 million from 16 million common shares. The offering is expected to close on October 28, 2024, pending customary conditions.
October 25, 2024 | 6:31 am
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Septerna has successfully priced its upsized IPO, raising $288 million by offering 16 million shares at $18 each. The IPO is set to close on October 28, 2024, pending standard conditions.
The successful pricing of Septerna's IPO at $18 per share, raising $288 million, indicates strong market interest and financial backing. This is likely to positively impact the stock price in the short term as it reflects investor confidence and provides the company with significant capital for growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100