BUZZ-Belgium's Agomab indicated to fall in Nasdaq debut after $200 million IPO

Reuters
Feb 07
BUZZ-Belgium's Agomab indicated to fall in Nasdaq debut after $200 million IPO

** Belgium-based Agomab Therapeutics AGMB.O set to open below offer price in Nasdaq debut

** Stock indicated to open at $15.25 apiece versus $16 IPO price

** AGMB sold 12.5 million American Depositary Shares within marketed range of $15 to $17, to raise $200 million

** Founded in 2017, AGMB is developing treatments for immune and inflammatory diseases, starting with chronic fibrotic conditions

** AGMB's lead product candidate, ontunisertib, is being developed for fibrostenosing Crohn's disease, a severe form of Crohn's characterized by inflammation-driven structures that often lead to surgery

** J.P.Morgan, Morgan Stanley, Leerink Partners and Van Lanschot Kempen were joint book-running managers for the offering

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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