Kyverna Therapeutics files for IPO to raise $200 million

2 February 2024

A filing with the US Securities and Exchange Commission (SEC) reveals details of Kyverna Therapeutics’ bid to tap into an increasingly favorable market for initial public offerings (IPO).

Kyverna is looking to raise around $200 million in the public listing, a sum which would value the company at approximately $700 million.

The fundraise comes just six months after the US autoimmune drug developer closed an oversubscribed series B financing, taking in a total of $145 million.

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