BUZZ-Evommune surges in NYSE debut after $150 million IPO

Reuters

2025/11/07

BUZZ-<a href="https://laohu8.com/S/EVMN">Evommune</a> surges in NYSE debut after $150 million IPO

** Drug developer Evommune's EVMN.N shares jump as much as 26.1% in their NYSE debut

** Stock opened at $17.25 apiece vs $16 IPO price; last up 19.8% at $19.18

** EVMN sold ~9.4 million shares within the marketed range of $15 and $17 apiece to raise $150 million

** Palo Alto, California-based EVMN is developing therapies to treat chronic inflammatory diseases such as eczema and hives

** Among its drug pipeline, EVMN currently has two experimental treatments, EVO756 and EVO301, in mid-stage trials

** EVMN is the third notable U.S. biotech to go public since September, as drug developer IPOs make a comeback after a months-long freeze

** Morgan Stanley, Leerink Partners, Evercore ISI, and Cantor were joint book-running managers for the offering

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))

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last up 19.8% at $19.18</p><p>** EVMN sold ~9.4 million shares within the marketed range of $15 and $17 apiece to raise $150 million</p><p>** <a href=\"https://laohu8.com/S/PANW\">Palo Alto</a>, California-based EVMN is developing therapies to treat chronic inflammatory diseases such as eczema and hives</p><p>** Among its drug pipeline, EVMN currently has two experimental treatments, EVO756 and EVO301, in mid-stage trials</p><p>** EVMN is the third notable U.S. biotech to go public since September, as drug developer IPOs make a comeback after a months-long freeze</p><p>** <a href=\"https://laohu8.com/S/MTK\">Morgan Stanley</a>, Leerink Partners, <a href=\"https://laohu8.com/S/EVR\">Evercore</a> ISI, and Cantor were joint book-running managers for the offering</p><p>(Reporting by Arasu Kannagi Basil in Bengaluru)</p><p>((ArasuKannagi.Basil@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2089283258.USD","symbol_name":"安联环球可持续基金Cl AM Dis","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251106:nL6N3WI123:1","article_id":"2581115160","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2581115160","pubTimestamp":1762455978,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Evommune surges in NYSE debut after $150 million IPO** Drug developer Evommune's EVMN.N shares jump as much as 26.1% in their NYSE debut** Stock opened at $17.25 apiece vs $16 IPO price; 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last up 19.8% at $19.18** EVMN sold ~9.4 million shares within the marketed range of $15 and $17 apiece to raise $150 million** Palo Alto, California-based EVMN is developing therapies to treat chronic inflammatory diseases such as eczema and hives** Among its drug pipeline, EVMN currently has two experimental treatments, EVO756 and EVO301, in mid-stage trials** EVMN is the third notable U.S. biotech to go public since September, as drug developer IPOs make a comeback after a months-long freeze** Morgan Stanley, Leerink Partners, Evercore ISI, and Cantor were joint book-running managers for the offering(Reporting by Arasu Kannagi Basil in Bengaluru)((ArasuKannagi.Basil@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}