NEW YORK, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Lexeo Therapeutics, Inc. (NASDAQ:LXEO), a clinical stage genetic medicine company dedicated to transforming healthcare by applying pioneering science to fundamentally change how genetically defined cardiovascular diseases and APOE4-associated Alzheimer's disease are treated, today announced the pricing of its initial public offering of 9,090,910 shares of common stock at a price to the public of $11.00 per share. The gross proceeds to Lexeo from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Lexeo, are expected to be approximately $100.0 million. In addition, Lexeo has granted the underwriters a 30-day option to purchase up to an additional 1,363,636 shares of common stock at the initial public offering price, less underwriting discounts and commissions.
The shares are expected to begin trading on The Nasdaq Global Market on November 3, 2023 under the symbol "LXEO." The offering is expected to close on November 7, 2023, subject to the satisfaction of customary closing conditions. All of the shares in the offering will be offered by Lexeo.
J.P. Morgan, Leerink Partners, Stifel and RBC Capital Markets are acting as joint book-running managers for the offering. Chardan is acting as lead manager for the offering.
A registration statement relating to the securities ...