Eikon Therapeutics Prices 21.18M Shares at $18.00
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Should l Buy EIKN?
Eikon Therapeutics priced 21.18M shares at $18.00. The deal size was increased from 17.65M and priced at the top end of the $16.00-$18.00 range. JPMorgan and Morgan Stanley are acting as joint book running managers for the offering. Eikon is a late-stage clinical biopharmaceutical company whose initial focus is oncology, where it says it is advancing a pipeline of drug candidates "targeting areas of high unmet need in large indications" for various cancers.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy EIKN?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on EIKN
Wall Street analysts forecast EIKN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EIKN is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 15.000
Low
Averages
High
Current: 15.000
Low
Averages
High
No data
About EIKN
Eikon Therapeutics, Inc. is a United States-based drug discovery and development company. The Company’s platform allows resolution microscopy as well as the advances in biology, chemistry, engineering, and automation. It tracks and measures the real-time movement of individual proteins in living cells to understanding of disease biology and discover differentiated therapeutics.
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.
Amazon Takes Bold Steps in AI Investment, Posing Significant Risks for Markets.
Amazon's Spending Forecast: Amazon's recent spending forecast has surprised the markets, contrasting sharply with the prevailing risk-averse sentiment among investors.
Concerns Over AI Investments: This situation raises concerns about whether the current enthusiasm for artificial intelligence investments may mirror the speculative excesses seen during the dot-com bubble.
See More
Liftoff Mobile Delays IPO Plans for the Time Being
- IPO Postponement: Liftoff Mobile has delayed its initial public offering (IPO) due to unfavorable market conditions.
- Market Impact: The decision follows a day marked by significant declines in stock prices.
See More
Eikon Therapeutics Raises $381 Million in Upsized IPO
- Expanded Financing: Eikon Therapeutics successfully raised $381 million in its IPO by offering 21.2 million shares at $18 each, exceeding its original plan of 17.6 million shares, indicating strong market demand for its immuno-responsive cancer therapies.
- Listing Plans: The company intends to list on Nasdaq under the ticker EIKN, and this successful IPO will provide substantial funding for its ongoing research and development, facilitating further growth in the biotechnology sector.
- Strong Underwriting Team: J.P. Morgan, Morgan Stanley, BofA Securities, Cantor Fitzgerald, and Mizuho Securities acted as joint bookrunners for the deal, showcasing their influence and expertise in the capital markets.
- Positive Market Reaction: The success of this IPO not only reflects investor confidence in Eikon Therapeutics' future growth potential but also sends a positive signal to other biotech companies, potentially stimulating more IPO activities in the sector.
See More
Amazon Takes Bold Steps in AI Investment, Posing Significant Risks for Markets.
Amazon's Spending Forecast: Amazon's recent spending forecast has surprised the markets, contrasting sharply with the prevailing risk-averse sentiment among investors.
Concerns Over AI Investments: This situation raises concerns about whether the current enthusiasm for artificial intelligence investments may mirror the speculative excesses seen during the dot-com bubble.
See More
Liftoff Mobile Delays IPO Plans for the Time Being
- IPO Postponement: Liftoff Mobile has delayed its initial public offering (IPO) due to unfavorable market conditions.
- Market Impact: The decision follows a day marked by significant declines in stock prices.
See More
Eikon Therapeutics Raises $381 Million in Upsized IPO
- Expanded Financing: Eikon Therapeutics successfully raised $381 million in its IPO by offering 21.2 million shares at $18 each, exceeding its original plan of 17.6 million shares, indicating strong market demand for its immuno-responsive cancer therapies.
- Listing Plans: The company intends to list on Nasdaq under the ticker EIKN, and this successful IPO will provide substantial funding for its ongoing research and development, facilitating further growth in the biotechnology sector.
- Strong Underwriting Team: J.P. Morgan, Morgan Stanley, BofA Securities, Cantor Fitzgerald, and Mizuho Securities acted as joint bookrunners for the deal, showcasing their influence and expertise in the capital markets.
- Positive Market Reaction: The success of this IPO not only reflects investor confidence in Eikon Therapeutics' future growth potential but also sends a positive signal to other biotech companies, potentially stimulating more IPO activities in the sector.
See More
