other material
confidence high
sentiment positive
materiality 0.85
Beta Bionics closes upsized IPO of 13.8M shares at $17.00, raises $229.1M
Beta Bionics, Inc.
- IPO of 13,800,000 shares at $17.00/share, including full exercise of underwriters' option for 1,800,000 additional shares.
- Gross proceeds to Beta Bionics from IPO total $212.1M; combined with concurrent private placement, aggregate proceeds $229.1M.
- Private placement: 1,000,000 shares sold to existing investor at IPO price of $17.00/share.
- Shares began trading on Nasdaq Global Market on January 30, 2025 under ticker BBNX.
- Lead bookrunners: BofA Securities, Piper Sandler, and Leerink Partners; Stifel bookrunner; Lake Street co-manager.