Evommune Secures $150M in IPO Amid Federal Shutdown, Advancing Immune Disorder Treatments
Evommune, a Palo Alto-based biotechnology company, has successfully priced its initial public offering (IPO) at $150 million, despite the ongoing federal government shutdown. The company, which specializes in developing treatments for immune conditions, sold nearly 9.4 million shares at $16 each and is set to begin trading on the New York Stock Exchange under the ticker symbol "EVMN".