Monte Rosa (GLUE) Prices 11.125M Share Offering at $24, Anticipates $300M Proceeds
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 09 2026
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Source: NASDAQ.COM
- Funding Scale: Monte Rosa Therapeutics has priced its offering of 11.125 million shares at $24 each, anticipating gross proceeds of approximately $300 million, which will provide substantial financial support for the company's ongoing research and development efforts.
- Pre-Funded Warrants: The company is offering pre-funded warrants for 1.375 million shares at $23.999 each to certain investors, a strategy that not only attracts more investors but also enhances market confidence in the company's future growth prospects.
- Underwriter's Option: Monte Rosa has granted underwriters a 30-day option to purchase up to an additional 1.875 million shares at $24 each, a flexible financing arrangement that will further enhance the company's capital-raising flexibility and market responsiveness.
- Transaction Timeline: The offering is expected to close on or about January 12, with a swift transaction timeline that will help the company quickly secure the necessary funds from the capital markets to support its innovative drug development process.
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Analyst Views on GLUE
Wall Street analysts forecast GLUE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GLUE is 30.40 USD with a low forecast of 20.00 USD and a high forecast of 37.00 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.
8 Analyst Rating
8 Buy
0 Hold
0 Sell
Strong Buy
Current: 21.130
Low
20.00
Averages
30.40
High
37.00
Current: 21.130
Low
20.00
Averages
30.40
High
37.00
About GLUE
Monte Rosa Therapeutics, Inc. is a clinical-stage biotechnology company. The Company is engaged in developing a portfolio of novel and molecular glue degraders (MGDs). MGDs are small molecule drugs that employ the body’s natural protein destruction mechanisms to selectively degrade therapeutically relevant proteins. It has developed a proprietary and industry leading discovery engine, called Quantitative and Engineered Elimination of Neosubstrates (QuEEN) to enable its target centric MGD discovery and development approach and its rational design of MGD product candidates. Its product candidate, MRT-2359, is an orally bioavailable MGD targeting the translation termination factor protein GSPT1. MRT-2359 is in clinical development for potential use in MYC-driven tumors, including metastatic non-small cell lung cancer, small cell lung cancer, and neuroendocrine tumors. Its other product candidates include MRT-6160 and MRT-8102.
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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