Biotech IPO Shares Climb in Trading Debuts After Deals Upsized [Yahoo! Finance]
MBX Biosciences, Inc. (MBX)
Company Research
Source: Yahoo! Finance
(Bloomberg) -- A trio of biotech companies' shares rose in their first trading sessions after they each sold more shares in their respective initial public offerings than they had planned. Most Read from Bloomberg Bicara Therapeutics Inc. shares climbed 42% to $25.50 apiece as of 1:22 p.m. on Friday. The company had expanded its IPO to sell 17.5 million shares at $18 each, at the top of the price range, to raise $315 million, according to a statement. Shares of MBX Biosciences Inc. rose 43% to $22.87 each. Its enlarged first-time share sale raised $163 million, pricing 10.2 million shares at $16 each at the upper limit of the price range. Zenas BioPharma Inc. shares increased 4.4% to $17.75 each. The IPO raised $225 million, priced at $17 apiece, the middle of the marketed range. The offerings make this week the busiest for biotech and pharmaceuticals IPOs since July 2021, data compiled by Bloomberg show. They bring the volume this year raised by drug developers via IPOs to
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MBX
News
- MBX Biosciences to Participate in Upcoming November Investor ConferencesGlobeNewswire
- MBX Biosciences, Inc. (NYSE: MBX) is now covered by analysts at Guggenheim. They set a "buy" rating and a $44.00 price target on the stock.MarketBeat
- MBX Biosciences, Inc. (NYSE: MBX) is now covered by analysts at JPMorgan Chase & Co.. They set an "overweight" rating and a $30.00 price target on the stock.MarketBeat
- MBX Biosciences, Inc. (NYSE: MBX) is now covered by analysts at Jefferies Financial Group Inc.. They set a "buy" rating and a $35.00 price target on the stock.MarketBeat
- MBX Biosciences, Inc. (NYSE: MBX) is now covered by analysts at Stifel Nicolaus. They set a "buy" rating and a $40.00 price target on the stock.MarketBeat
MBX
Sec Filings
- 9/23/24 - Form SC
- 9/23/24 - Form SC
- 9/23/24 - Form SC
- MBX's page on the SEC website