Evommune IPO Closes with $172.5 Million Proceeds
Slice of Healthcare Team
11/12/2025
Key highlights
- Raised $172.5 million from IPO
- 10.8 million shares sold at $16 each
- Shares listed on NYSE under symbol "EVMN"
- Top-tier underwriters included Morgan Stanley and Evercore
- Focus on chronic inflammatory diseases
Source: PR Newswire
No quotes were given.
Why this matters
The successful IPO positions Evommune for growth in the biotechnology sector, solidifying its commitment to developing therapies addressing chronic inflammatory diseases. The $172.5 million raised will enhance research and development capabilities, reflecting an increased confidence in the biotech industry's potential. This development is particularly significant for the healthcare sector.
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