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KARD Overview

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Intellectia

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High
23.760
Open
16.410
VWAP
20.78
Vol
5.81M
Mkt Cap
--
Low
16.290
Amount
120.71M
EV/EBITDA(TTM)
--
Total Shares
--
EV
--
EV/OCF(TTM)
--
P/S(TTM)
--
Kardigan, Inc. is a clinical-stage precision therapeutics company. It is developing medicines that target the root cause of specific cardiovascular diseases where no approved treatments exist. Its pipeline of products includes Danicamtiv, Ataciguat and Tonlamarsen. Danicamtiv is an investigational oral cardiac atrial and ventricular myosin activator for the treatment of genetic dilated cardiomyopathy caused by pathogenic variants in myosin heavy chain 7 (MYH7) and titin, the common sarcomeric gene variants. Ataciguat is an investigational oral, once-daily soluble guanylate cyclase activator aimed at slowing the progression of calcific aortic valve stenosis in patients with moderate diseases. Tonlamarsen is an investigational liver-directed antisense oligonucleotide administered once-monthly via subcutaneous injection, targeting hepatic angiotensinogen for the management of blood pressure in acute severe hypertension post-hospitalization. Prolaio is a clinical intelligence platform.
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Events Timeline

(ET)
2026-06-18
13:00:00
Kardiga Prices IPO at $16 per Share
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2026-06-18
05:00:00
Deal Size Increased to 25M Shares, Priced at High End of $16.00
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News

seekingalpha
8.5
18:11 PMseekingalpha
Kardigan Shares Surge 15% on First Trading Day After $400M IPO
  • First Trading Day Performance: Kardigan (KARD) saw its stock price rise approximately 15% on its first trading day, opening at $16.25, which is about a 2% increase from the IPO price, indicating strong market enthusiasm for its biotech prospects.
  • IPO Pricing and Fundraising: The company priced its upsized IPO of 25 million shares at $16 per share on Wednesday, successfully raising $400 million in gross proceeds, exceeding the initial plan of $320.1 million, showcasing investor confidence in its heart disease drug pipeline.
  • Market Capitalization: The stock quickly surged to $20.00 shortly after trading began, achieving a market capitalization of approximately $1.8 billion, reflecting strong market recognition of its growth potential, particularly in the cardiovascular treatment sector.
  • Future Catalysts: Kardigan is awaiting a topline readout from its Phase 2b/3 trial for its most advanced candidate, danicamtiv, targeting genetic dilated cardiomyopathy, with results expected in H1 2027, marking a critical moment for the company's future development.
Newsfilter
8.5
17:41 PMNewsfilter
Kardigan Shares Rise 1.6% in Nasdaq Debut After $400 Million IPO
  • IPO Performance: Kardigan raised $400 million in its Nasdaq debut, with shares rising 1.6%, indicating strong market confidence in its heart drug development.
  • Increased Financing: The upsized IPO provides Kardigan with additional funding to accelerate the development of heart drugs, thereby strengthening its position in the competitive pharmaceutical market.
  • Positive Market Reaction: The initial positive response from investors, reflected in the stock price increase, suggests recognition of Kardigan's future growth potential, which may attract further investor interest.
  • Strategic Implications: The successful IPO not only provides Kardigan with essential funding but also lays the groundwork for future product development and market expansion, enhancing its competitiveness in the heart disease treatment sector.
renaissancecapital
8.5
13:08 PMrenaissancecapital
Kardigan Raises $400 Million in IPO for Cardiovascular Therapies
  • Funding Achievement: Kardigan successfully raised $400 million by offering 25 million shares at $16 each, exceeding the anticipated 1.7 million shares, indicating strong market demand for its cardiovascular therapies.
  • Clinical Advancements: The company is advancing three late-stage product candidates, including danicamtiv for genetic dilated cardiomyopathy, ataciguat for calcific aortic valve stenosis, and tonlamarsen for acute severe hypertension, showcasing its R&D potential in the cardiovascular space.
  • Data Platform: Kardigan operates the Prolaio platform, which integrates FDA-cleared algorithms and wearable sensors to collect continuous real-world physiologic data from patients during clinical trials, enhancing the efficiency and accuracy of clinical research.
  • Market Positioning: As an emerging biotech firm, Kardigan will trade on Nasdaq under the symbol KARD, expected to attract investor interest due to its innovative treatment solutions and market prospects.
seekingalpha
8.5
09:11 AMseekingalpha
Kardigan Sets IPO Price at $16, Aiming for $400M
  • IPO Pricing Announcement: Kardigan has priced its initial public offering at $16 per share for 25 million shares, projecting total gross proceeds of $400 million, indicating strong market demand for its cardiovascular therapies.
  • Increased Financing Target: Originally planning to sell 23.3 million shares to raise approximately $350 million, the expansion of the offering reflects investor confidence and the potential of Kardigan's market, raising the target to $400 million.
  • Trading Schedule: The company's stock is set to begin trading on June 18, 2026, on the Nasdaq Global Market, with the offering expected to close on June 22, 2026, subject to customary regulatory conditions.
  • Underwriting Syndicate: J.P. Morgan, Jefferies, Leerink Partners, and TD Securities are serving as joint book-running managers for the offering, enhancing market trust and support for Kardigan's IPO.
Wall Street analysts forecast KARD stock price to rise
0 Analyst Rating
Wall Street analysts forecast KARD stock price to rise
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0 Sell
Current: 0.000
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Valuation Metrics

The current forward P/E ratio for Kardigan Inc (KARD.O) is --, compared to its 5-year average forward P/E of --. For a more detailed relative valuation and DCF analysis to assess Kardigan Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
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Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
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Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
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Frequently Asked Questions

What is Kardigan Inc (KARD) stock price today?

The current price of KARD is 22.275 USD — it has increased 39.22

What is Kardigan Inc (KARD)'s business?

Kardigan, Inc. is a clinical-stage precision therapeutics company. It is developing medicines that target the root cause of specific cardiovascular diseases where no approved treatments exist. Its pipeline of products includes Danicamtiv, Ataciguat and Tonlamarsen. Danicamtiv is an investigational oral cardiac atrial and ventricular myosin activator for the treatment of genetic dilated cardiomyopathy caused by pathogenic variants in myosin heavy chain 7 (MYH7) and titin, the common sarcomeric gene variants. Ataciguat is an investigational oral, once-daily soluble guanylate cyclase activator aimed at slowing the progression of calcific aortic valve stenosis in patients with moderate diseases. Tonlamarsen is an investigational liver-directed antisense oligonucleotide administered once-monthly via subcutaneous injection, targeting hepatic angiotensinogen for the management of blood pressure in acute severe hypertension post-hospitalization. Prolaio is a clinical intelligence platform.

What is the price predicton of KARD Stock?

Wall Street analysts forecast KARD stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for KARD 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.

What is Kardigan Inc (KARD)'s revenue for the last quarter?

Kardigan Inc revenue for the last quarter amounts to NaN USD, decreased

What is Kardigan Inc (KARD)'s earnings per share (EPS) for the last quarter?

Kardigan Inc. EPS for the last quarter amounts to USD, decreased

How many employees does Kardigan Inc (KARD). have?

Kardigan Inc (KARD) has 0 emplpoyees as of June 18 2026.

What is Kardigan Inc (KARD) market cap?

Today KARD has the market capitalization of 0.00 USD.