Kardiga Prices IPO at $16 per Share
Kardiga, a clinical-stage precision therapeutics company developing medicines that target cardiovascular diseases, priced its initial public offering of 25M shares of common stock at $16 per share. The deal size was increased to 25M from 23.3M shares and priced at high end of the $14.00-$16.00 range. J.P. Morgan, Jefferies, Leerink Partners, and TD Securities are the underwriters for the offering. The shares trade on the Nasdaq under the ticker symbol "KARD."