other material
confidence high
sentiment positive
materiality 0.85
ACELYRIN closes upsized IPO, raises $621M; shares begin trading on Nasdaq
ACELYRIN, Inc.
- Closed IPO of 34,500,000 shares at $18.00 per share, including full exercise of underwriters' option for 4,500,000 additional shares.
- Gross proceeds of $621.0 million before underwriting discounts and expenses.
- Shares began trading on Nasdaq Global Select Market on May 5, 2023 under ticker SLRN.
- Joint book-running managers: Morgan Stanley, Jefferies, TD Cowen, and Piper Sandler.