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Scribe Therapeutics (Nasdaq: SCTX) closed its upsized initial public offering of 9,867,000 common shares, including 1,287,000 additional shares from the underwriters’ fully exercised option, at $15.00 per share. All shares were issued by the company, whose stock began trading on the Nasdaq Global Market on July 24, 2026 under ticker SCTX.
According to Scribe Therapeutics, aggregate gross proceeds from the IPO and a concurrent private placement totaled approximately $155.51 million before underwriting discounts and commissions. The private placement comprised 500,000 shares sold to Sanofi at the IPO price. Leerink Partners, Goldman Sachs, Guggenheim Securities and Wells Fargo Securities acted as joint book-running managers.
Scribe Therapeutics (Nasdaq: SCTX) priced its upsized initial public offering of 8,580,000 common shares at $15.00 per share, at the high end of the indicated range, for expected gross proceeds of $128.7 million before expenses. All shares are being sold by Scribe Therapeutics, and the company granted underwriters a 30-day option to buy up to 1,287,000 additional shares at the IPO price, less underwriting discounts and commissions.
The shares are expected to begin trading on the Nasdaq Global Market on July 24, 2026 under the symbol SCTX, with closing anticipated on July 27, 2026, subject to customary conditions. Scribe Therapeutics also agreed to sell 500,000 shares at $15.00 per share in a concurrent private placement to Sanofi, expected to close on the same date, contingent on the IPO closing.