Immunome Prices 18.625M Share Offering at $21.50, Raising Approximately $400 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 17 2025
0mins
Should l Buy IMNM?
Source: Newsfilter
- Significant Fundraising: Immunome announced the pricing of 18.625 million shares at $21.50 each, raising approximately $400 million, which will enhance the company's financial strength to support its cancer therapy development.
- Underwriter Selection: The offering is managed by Leerink Partners, J.P. Morgan, TD Cowen, Goldman Sachs, and Guggenheim Securities, reflecting strong market confidence and support for Immunome.
- Additional Share Option: Immunome granted underwriters a 30-day option to purchase an additional 2.79375 million shares, potentially increasing total fundraising and enhancing the company's financial flexibility.
- Expected Closing Date: The offering is anticipated to close on December 18, 2025, subject to customary closing conditions, which will provide funding to accelerate the clinical development of its innovative therapies.
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Analyst Views on IMNM
Wall Street analysts forecast IMNM stock price to rise
11 Analyst Rating
11 Buy
0 Hold
0 Sell
Strong Buy
Current: 22.440
Low
21.00
Averages
33.20
High
40.00
Current: 22.440
Low
21.00
Averages
33.20
High
40.00
About IMNM
Immunome, Inc. is a clinical-stage targeted oncology company, which is focused on developing first-in-class and targeted therapies designed to improve outcomes for cancer patients. The Company is engaged in advancing an innovative portfolio of therapeutics in the design, development, and commercialization of targeted cancer therapies, including antibody-drug conjugate therapies (ADCs). Its advanced pipeline programs are varegacestat, a gamma secretase inhibitor which is in a Phase III trial for the treatment of desmoid tumors; IM-1021, an ROR1-targeted ADC which is in a Phase I trial, and IM-3050, a FAP-targeted radioligand. The Company's pipeline also includes IM-1617, IM-1335, and IM-1340, all of which are preclinical ADCs pursuing undisclosed targets with expression in multiple solid tumors. IM-1617 is a potential first-in-class ADC that targets an undisclosed receptor that is expressed in a range of solid tumors, including colorectal cancer and ovarian cancers.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Market Impact: While specific stocks are not detailed, such rating changes typically influence investor decisions, thereby directly impacting the stock prices of the companies involved.
- Source of Updates: A complete view of all analyst rating changes can be found on our analyst ratings page, offering a comprehensive understanding of market dynamics.
- Lack of Investment Advice: Although the report provides information on rating changes, it does not offer specific investment advice, leaving investors to make their own judgments.
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- Put Contract Yield: The $20.00 put contract for IMNM has a current bid of $5.50, and if an investor sells it, they commit to buying shares at $20.00, resulting in a cost basis of $14.50, making it an attractive alternative to the current price of $20.16.
- Expiration Worthless Probability: The odds of the put contract expiring worthless are 75%, and if it does, the premium would yield a 27.5% return on cash commitment, or 13.6% annualized, highlighting the strategy's potential appeal.
- Call Contract Returns: The $22.00 call contract has a current bid of $6.50, and if an investor buys IMNM shares at $20.16 and sells this call, they could achieve a total return of 41.37% if the stock is called away at January 2028 expiration, indicating strong profit potential.
- Call Contract Expiration Worthless Probability: The call contract has a 28% chance of expiring worthless, allowing investors to keep both their shares and the premium collected, with an additional return of 32.24%, or 15.95% annualized, further enhancing the investment's attractiveness.
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Immunome Insider Purchase: Immunome's CEO, Clay B. Siegall, bought 46,511 shares of IMNM for $999,986 at $21.50 each, following previous investments totaling $2.16M at an average of $7.53 per share.
SentinelOne Insider Purchase: Director Mark S. Peek of SentinelOne purchased 40,000 shares at $14.89 each for a total of $595,600, while the stock is currently trading lower at $14.61.
Market Performance: Immunome's stock rose approximately 7.9% on Friday, while SentinelOne's stock saw a slight increase of 0.3%.
Disclaimer: The views expressed in the report are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
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