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TRex Bio Prices IPO at $14, Targets $117 Million Gross

The clinical-stage biotechnology company is offering 8.33 million shares and expects approximately $116.7 million in gross proceeds.

A sealed research vial beside laboratory instruments in morning light / TokenPost.ai
A sealed research vial beside laboratory instruments in morning light / TokenPost.ai

TRex Bio, Inc. (TRXB) set its initial public offering price at $14 per share, with the clinical-stage biotechnology company seeking approximately $116.7 million in gross proceeds.

The offering covers 8.33 million shares. TRex Bio develops immunoregulatory medicines.

The company’s stock is expected to begin trading on Nasdaq Global.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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