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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Filings
- Registration statement (S-1) first filed Sep 29, 2023
- Latest amendment Nov 9, 2023
- Final prospectus (424B4) Nov 22, 2023
- All filings on EDGAR CIK 1840563
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