Electra Therapeutics Prices $350 Million Biotech IPO
Electra Therapeutics priced an upsized $15-per-share IPO at roughly $350 million, selling 23,333,334 shares with a 30-day option for 3.5 million more and set to trade on Nasdaq as ETRA; proceeds will fund its ipsoprubart HLH program and other candidates as it scales its late-stage pipeline. The deal underscores strong investor demand for biotech IPOs in 2026, with Electra among multiple companies raising substantial capital for immune-mediated diseases and cancer programs.
Business · 11 sources · Sep 18, 2026Read it
The journal
Open the journal →The conversation starts in the journal — be the first to post.
About Electra
Electra is the main electricity and water company in Cape Verde. It was founded as a public company on April 17, 1982 by the merger of Electricidade e Água do Mindelo, Central Eléctrica da Praia and Electricidade e Água do Sal. In 1998 it was converted into a public limited company. In December 1999 the majority of the stocks was sold to Portuguese companies: 30.6% to Electricidade de Portugal and 20.4% to Águas de Portugal. Since 2013, the company consists of three entities:the main company Electra SA, with headquarters in Mindelo
Everything about Electra →- Inception
- April 17, 1982, 1982
- Website
- http://www.electra.cv