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Nvidia-backed Iambic Therapeutics launches IPO as biotechs buck market gloom

Oct 8 (Reuters) - Nvidia-backed Iambic Therapeutics, which uses AI to develop drugs, ⁠is aiming to raise up to $159.4 million in its US IPO, as ‌the biotech sector emerges as a bright spot in an otherwise lackluster market.

The Star MalaysiaManya Saini, Niket Nishant查看原文 ↗
英伟达支持的Iambic Therapeutics启动IPO,生物科技公司逆市场低迷而上

An Nasdaq logo, in this illustration taken September 28, 2026. REUTERS/Dado Ruvic/Illustration

Oct 8 (Reuters) - Nvidia-backed Iambic Therapeutics, which uses AI to develop drugs, ⁠is aiming to raise up to $159.4 million in its USIPO, as ‌the biotech sector emerges as a bright spot in an otherwise lackluster market.

The initial public offering would value the drugmaker at up to $805.8 million — towards the top of its indicated price range — ​based on the number of outstanding shares listed ⁠in its prospectus, a regulatory filing ⁠showed on Tuesday.

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