IPO · AVLN
Avalyn Pharma Inc.
Formerly Genoa Pharmaceuticals, Inc.
Avalyn Pharma Inc. (AVLN) priced its initial public offering on Apr 30, 2026 at $18.00 per share, raising $300M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $752.6M. Morgan Stanley was lead-left underwriter, joined by Jefferies, Evercore ISI and Guggenheim. Goodwin Procter advised the company and Davis Polk advised the underwriters.
Avalyn Pharma Inc. is a clinical-stage biopharmaceutical company developing inhaled formulations of approved oral medicines to treat serious, rare respiratory diseases, with a current pipeline focused on pulmonary fibrosis.
- Status
- IPO
- Ticker
- AVLN
- Exchange
- Nasdaq Global Select
- Priced
- Apr 30, 2026
- IPO price
- $18.00
- Raised
- $300M
- Market cap at IPO price
- $752.6M
- First filed
- Apr 8, 2026
- Underwriters
- Morgan Stanley, Jefferies, Evercore ISI and Guggenheim
- Company counsel
- Goodwin Procter
- Underwriters' counsel
- Davis Polk
- Sector
- Biotech & pharma
- Country / state
- MA
Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.
More on this listing for subscribers
- Lock-up period and expiry date
- Shares offered, over-allotment and shares outstanding after the offering
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Filings
- Registration statement (S-1) first filed Apr 8, 2026
- Latest amendment Apr 29, 2026
- Final prospectus (424B4) Apr 30, 2026
- All filings on EDGAR CIK 1540171
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