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BRVE — Braveheart Bio News Story

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Braveheart Bio poised to surge in New York debut after upsized $383 million IPO

BUZZ-Braveheart Bio poised to surge in New York debut after upsized $383 million IPO

** Drug developer Braveheart Bio BRVE.O on track to open above offer price in Nasdaq debut after upsized $382.5 million U.S. IPO

** Stock recently indicated to open at $25 apiece vs $18 offer price

** San Francisco, California-based BRVE sold ~21.3 million shares in upsized IPO at $18 apiece

** BRVE, which is developing therapies for patients with hypertrophic cardiomyopathy and other serious cardiovascular diseases, had initially marketed 18.75 million shares priced between $15 and $17

** Goldman Sachs, Jefferies, TD Cowen, Stifel and Cantor acted as joint book-running managers for offering


(Reporting by Arasu Kannagi Basil in Bengaluru)

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

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