Mineralys completes IPO, raising $192 million

13 February 2023

Mineralys Therapeutics (Nasdaq: MLYS), a previously private company in the portfolio of HBM Healthcare Investments, successfully completed its IPO last Friday.

The company placed 12 million new shares at a price of $16.00 per share, raising $192 million in new capital. On the first day of trading, the firm’s share price rose to 18.44 (+15.25%).

The capital raised will help finance clinical trial plans for a molecule that could become an alternative to currently available hypertension medicines.

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