The IPO Buzz: Electra Therapeutics (ETRA Proposed) Sets Terms for $325 Million IPO
Electra Therapeutics (ETRA proposed), a late-stage biotech focused on cancer and autoimmune disorders, set the terms early today for its IPO: 21.67 million shares at a price range of $14.00 to $16.00 to raise $325.05 million, if priced at the $15.00 mid-point of its range, according to its S-1/A filing dated Sept. 14, 2026. The San Francisco-based biotech would have a market cap of $916.5 million – assuming pricing at the $15.00 mid-point. This is a NASDAQ listing.
Jefferies, TD Cowen, Evercore ISI and Cantor are the joint book-runners.
Electra Therapeutics, Inc. is pioneering a new class of precision medicines to treat immune-mediated diseases and cancer, the prospectus said. The company said its “novel approach targets signal regulatory proteins (SIRP), a family of cell surface receptors whose expression is restricted to specific immune cell populations, and increases upon activation to enable selective depletion of disease-driving cells while preserving normal immune function.”
Electra Therapeutics intends to use the IPO’s proceeds to fund its ongoing global Phase 2/Phase 3 clinical trial of ipsoprubart, its leading drug candidate, to treat sHLH. The Cleveland Clinic said sHLH “occurs when you have an underlying medical condition that affects the function of your immune system.”
Electra Therapeutics is not profitable, according to the prospectus.
(For more information about this company, please check the IPO Calendar and the individual IPO Profile found on the IPOScoop.com website.)
Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.
To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message.
Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.
Source: https://www.iposcoop.com/the-ipo-buzz-electra-therapeutics-etra-proposed-sets-terms-for-325-million-ipo/
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