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MBX Biosciences (Nasdaq: MBX), a clinical-stage biopharmaceutical company, has successfully closed its upsized initial public offering. The company sold 11,730,000 shares of common stock at $16.00 per share, including the full exercise of the underwriters' option to purchase additional shares. This resulted in aggregate gross proceeds of approximately $187.7 million, before deducting underwriting discounts, commissions, and offering expenses.
The shares began trading on the Nasdaq Global Select Market on September 13, 2024, under the ticker symbol 'MBX'. J.P. Morgan, Jefferies, Stifel, and Guggenheim Securities acted as joint book-running managers for the offering.
MBX Biosciences (Nasdaq: MBX), a clinical-stage biopharmaceutical company developing precision peptide therapies for endocrine and metabolic disorders, has priced its initial public offering (IPO) at $16.00 per share. The company is offering 10,200,000 shares, aiming to raise $163.2 million in gross proceeds. MBX has also granted underwriters a 30-day option to purchase an additional 1,530,000 shares. Trading is expected to begin on September 13, 2024, on the Nasdaq Global Select Market under the ticker symbol "MBX". The IPO is set to close on September 16, 2024, subject to customary conditions. J.P. Morgan, Jefferies, Stifel, and Guggenheim Securities are acting as joint book-running managers for the offering.
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