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IPO · ELAB

PMGC Holdings Inc.

Formerly Elevai Labs Inc.; Reactive Medical Labs Inc.

PMGC Holdings Inc. (ELAB) priced its initial public offering on Nov 22, 2023 at $4.00 per share, raising $6M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $69.3M. Univest was lead-left underwriter. Ortoli Rosenstadt advised the company and Hunter Taubman Fischer & Li advised the underwriters.

At its 2023 IPO, Elevai Labs, Inc. (now PMGC Holdings) was a physician-dispensed skincare company founded in 2020. It researched and produced topical skincare products, including Elevai Exosomes, that complement the medical aesthetics industry, selling mainly business-to-business.

Status
IPO
Ticker
ELAB
Exchange
Nasdaq Capital Market
Priced
Nov 22, 2023
IPO price
$4.00
Raised
$6M
Market cap at IPO price
$69.3M
First filed
Sep 29, 2023
Underwriters
Univest
Company counsel
Ortoli Rosenstadt
Underwriters' counsel
Hunter Taubman Fischer & Li
Sector
Biotech & pharma
Country / state
CA

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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