Braveheart Bio surges 70% in cracking New York debut after upsized $383 million IPO
06/08/2026 18:28
BUZZ-Braveheart Bio surges 70% in cracking New York debut after upsized $383 million IPO Updates
** Drug developer Braveheart Bio's BRVE.O shares surge as much as 75.3% in cracking Nasdaq debut after upsized $382.5 million U.S. IPO
** Stock opened at $30.20 apiece vs $18 offer price; last up 69.9% at $30.59
** 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)
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