Lycia Therapeutics Targets 938M Valuation in US IPO

Drug developer Lycia Therapeutics aims for a valuation up to 938 million dollars in its US initial public offering. The firm seeks to raise 265 million dollars by offering shares priced between 16 and 18 dollars.

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FILE PHOTO: An Nasdaq logo, in this illustration taken September 28, 2026. REUTERS/Dado Ruvic/Illustration/File Photo

Drug developer Lycia Therapeutics is targeting a valuation of up to $937.7 million in a United States IPO. The offering aims to raise up to $264.6 million through 14.7 million shares priced between $16 and $18.

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