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Sagimet Biosciences Inc. completed its initial public offering on NASDAQ on July 14, 2023, pricing at $16.00 a share.
| Ticker | SGMT |
|---|---|
| Exchange | NASDAQ |
| Status | Completed |
| Listing date | July 14, 2023 |
| Offering price | $16.00 |
| Shares offered | 5,312,500 |
| Total raised | $85M |
Sagimet Biosciences Inc. sold 5,312,500 shares at $16.00 each on NASDAQ. Multiplied out, that is $85 million in gross proceeds, the figure before underwriting discounts and offering expenses, and it agrees with the $85 million total recorded for the deal.
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Source: SEC EDGAR filings for Sagimet Biosciences Inc.. This page is general information, not investment advice.