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IPO · ELYM

Climb Bio, Inc.

Formerly Eliem Therapeutics, Inc.

Climb Bio, Inc. (ELYM) priced its initial public offering on Aug 11, 2021 at $12.50 per share, raising $80M, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $317M. Cooley advised the company and Latham & Watkins advised the underwriters.

Climb Bio, Inc. is a clinical-stage biotechnology company developing therapies for neuronal excitability disorders, targeting chronic pain, psychiatry, epilepsy and other disorders of the peripheral and central nervous systems. It aims to restore the balance between over-excited and inhibited neurons.

Status
IPO
Ticker
ELYM
Exchange
Nasdaq Global Market
Priced
Aug 11, 2021
IPO price
$12.50
Raised
$80M
Market cap at IPO price
$317M
First filed
Jul 16, 2021
Company counsel
Cooley
Underwriters' counsel
Latham & Watkins
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.

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Filings

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