Two new initial public offerings (IPO) are set to go ahead in the USA, raising hopes of a thaw in what has been a long winter for biotech companies going public.
Kyverna Therapeutics has filed paperwork with the US financial regulator for its IPO, which is targeting a fundraise of around $100 million.
Another Californian firm, Alto Neuroscience, has filed for an IPO of an undisclosed size.
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