Market Overview

Biopharmaceutical Company Nkarta Raises $290M In IPO

Biopharmaceutical Company Nkarta Raises $290M In IPO

Nkarta Inc. (NASDAQ: NKTXannounced on Tuesday the underwriters for its initial public offering have completely exercised their overallotment option to purchase 2.1 million additional shares.

This brings the biopharmaceutical company's total amount raised in the IPO to $289.8 million. It had priced 14 million shares at $18 each in the IPO on Friday.

Nkarta's shares listed under the ticker "NKTX" at the Nasdaq Stock Market, and have more than doubled in the first three sessions of trading.

The San Francisco-based company, founded in 2015, is working on improving the efficacy of cell therapy.

It previously raised $125 million in two funding rounds, according to data from Crunchbase.

Nkarta shares closed 6.4% lower at $36.05 on Tuesday and inched further lower at $36 in the after-hours session.


Related Articles (NKTX)

View Comments and Join the Discussion!

Posted-In: biopharmaceuticals cell therapyBiotech News IPOs General Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at