Biomea Fusion (BMEA) IPO Opens 15% Higher

April 16, 2021 11:53 AM EDT

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Today's IPO for Biomea Fusion, Inc. (NASDAQ: BMEA) opened for trading at $20 after pricing 9,000,000 shares of its common stock at a public offering price of $17.00 per share.

J.P. Morgan Securities LLC, Jefferies LLC and Piper Sandler & Co. are acting as joint book-running managers for the offering.

Biomea Fusion is a preclinical-stage biopharmaceutical company focused on the discovery, development and commercialization of irreversible small molecules to treat patients with genetically defined cancers.

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