Stock Track | Camp4 Therapeutics Soars 2690% in Trading Debut After $75 Million IPO

Stock Track

2024/10/12

Shares of Camp4 Therapeutics Corp. (CAMP) skyrocketed 2690% in their trading debut on Friday, following the biotechnology company's successful $75 million initial public offering (IPO).

Camp4 Therapeutics priced its IPO of around 6.8 million common shares at $11 per share on Thursday evening. The company granted underwriters a 30-day option to purchase up to an additional 1 million shares.

The robust trading debut reflects strong investor demand for the newly public biotech firm, which is focused on developing novel therapies for cancer and other diseases. Camp4's IPO proceeds will help fund ongoing research and development activities as the company advances its pipeline of innovative drug candidates.

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