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MBXBullishCorporate Developmentsnews
High materiality8/10

MBX Biosciences sets IPO terms with plans to raise up to $136 million - MarketWatch

Sep 9, 2024, 7:16 AM EDT1 sourcesAI-analyzed

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MBX plans to offer 8.5 million shares at $14 to $16 each. The IPO could raise $136 million if priced at the top range. Proceeds will finance clinical studies and pre-clinical research. MBX is currently pre-revenue and loss-making. JPMorgan and others are underwriting the IPO deal.

  • MBX plans to offer 8.5 million shares at $14 to $16 each.
  • The IPO could raise $136 million if priced at the top range.
  • Proceeds will finance clinical studies and pre-clinical research.
  • MBX is currently pre-revenue and loss-making.
  • JPMorgan and others are underwriting the IPO deal.

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