Upstream Bio Announces Closing of $293 Million Upsized Initial Public Offering, Including Full Exercise of Underwriters’ Option to Purchase Additional Shares
Upstream Bio, Inc. (UPB)
Company Research
Source: GlobeNewswire
WALTHAM, Mass., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Upstream Bio, Inc. (Nasdaq: UPB), a clinical-stage biotechnology company developing treatments for inflammatory diseases, with an initial focus on severe respiratory disorders, today announced the closing of its upsized initial public offering of 17,250,000 shares of its common stock at a public offering price of $17.00 per share, which includes 2,250,000 shares issued upon the full exercise by the underwriters of their option to purchase additional shares of common stock. All of the shares of common stock were offered by Upstream. The gross proceeds to Upstream from the initial public offering were approximately $293 million, before deducting underwriting discounts and commissions and other offering expenses. The shares began trading on the Nasdaq Global Select Market on October 11, 2024 under the ticker symbol “UPB.” J.P. Morgan, TD Cowen, Piper Sandler and William Blair acted as joint book-running managers for the offering. Regi
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UPB
News
- Upstream Bio to Participate in the Piper Sandler 36th Annual Healthcare ConferenceGlobeNewswire
- Upstream Bio Reports Third Quarter 2024 Financial Results and Recent Business HighlightsGlobeNewswire
- Upstream Bio, Inc. (NASDAQ: UPB) is now covered by analysts at Piper Sandler. They set an "overweight" rating and a $75.00 price target on the stock.MarketBeat
- Upstream Bio, Inc. (NASDAQ: UPB) is now covered by analysts at JPMorgan Chase & Co.. They set an "overweight" rating and a $38.00 price target on the stock.MarketBeat
- Upstream Bio, Inc. (NASDAQ: UPB) is now covered by analysts at William Blair. They set an "outperform" rating on the stock.MarketBeat
UPB
Sec Filings
- 11/8/24 - Form SEC
- 11/8/24 - Form SEC
- 11/7/24 - Form SC
- UPB's page on the SEC website