Alto Neuroscience Inc

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Alto Neuroscience, Inc. is a clinical-stage biopharmaceutical company, which engages in the development of psychiatric drugs. Its pipeline is composed of five clinical-stage assets which initially target depressive disorder and schizophrenia population. The company was founded by Amit Etkin, Dan Segal, and Wei Wu on March 25, 2019 and is headquartered in Mountain View, CA.

LOS ALTOS, Calif.--(BUSINESS WIRE)--Alto Neuroscience, Inc. (“Alto”) (NYSE: ANRO) today announced the closing of its previously announced upsized initial public offering of 9,246,000 shares of common stock, which includes the exercise in full by the underwriters of their option to purchase 1,206,000 additional shares, at a public offering price of $16.00 per share. The aggregate gross proceeds to Alto from the offering were approximately $147.9 million before deducting underwriting discounts an.

Alto Neuroscience Announces Closing of Upsized Initial Public Offering and Full Exercise of the Underwriters' Option to Purchase Additional Shares

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Sports equipment and apparel maker Amer Sports priced below the range to raise $1.3 billion at a $6.4 billion market cap. CNS disorder biotech Alto Neuroscience priced its upsized IPO at the top of the range to raise $129 million at a $456 million market cap.

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LOS ALTOS, Calif.--(BUSINESS WIRE)--Alto Neuroscience, Inc. (“Alto”) (NYSE: ANRO) today announced the pricing of its upsized initial public offering of 8,040,000 shares of common stock at a public offering price of $16.00 per share. The aggregate gross proceeds to Alto from the offering are expected to be approximately $128.6 million before deducting underwriting discounts and commissions and other offering expenses payable by Alto. In addition, Alto has granted the underwriters a 30-day option.

Alto Neuroscience Announces Pricing of Upsized Initial Public Offering

Alto Neuroscience announced that it has filed for a proposed initial public offering (IPO) to raise up to $100 million.   It plans to list on the NYSE under the symbol ‘ANRO', but no pricing terms were disclosed.

Alto Neuroscience files for IPO to raise up to $100M

Alto Neuroscience, Inc. has filed for a $100 million IPO to develop treatments for brain and central nervous system conditions, although the final figure may differ. The company's lead candidate, ALTO-100, is in Phase 2 trials for major depressive disorder and post-traumatic stress disorder. The global market for depression treatment is expected to reach $16.8 billion by 2032, with the treatment for PTSD also a large market, driving demand for Alto's drug candidates.

Alto Neuroscience Starts IPO Plan For CNS Disorder Treatments

News for Alto Neuroscience Inc Stock (ANRO)