Sionna Therapeutics Upsized IPO Priced at High End of Views

Dow Jones

02-07

By Colin Kellaher

Shares of Sionna Therapeutics are set to be traded Friday after the clinical-stage biopharmaceutical company's upsized initial public offering was priced at the top end of expectations.

Sionna late Thursday said it is selling nearly 10.6 million shares at $18 apiece in the IPO, compared with prior plans to offer about 8.82 million shares at between $16 and $18 each.

The Waltham, Mass., company said it expects gross proceeds of about $191 million.

Sionna shares are slated to begin trading Friday on the Nasdaq Global Market under the symbol SION.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

February 07, 2025 06:18 ET (11:18 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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