Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By IPO Scoop (Reporter)
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

The IPO Buzz: Beta Bionics (BBNX Proposed) Files Terms for $112.5 Million IPO

Wednesday, January 22, 2025 8:01

% of readers think this story is Fact. Add your two cents.

Beta Bionics (BBNX Proposed), the developer of the iLet Bionic Pancreas (iLet) – the first insulin delivery device approved by the FDA to use adaptive closed-loop algorithms to autonomously determine every insulin dose without requiring a user to count carbohydrate intake – disclosed the terms for its $112.5 million IPO early today – Wednesday, Jan. 22, 2025. Beta Bionics plans to offer 7.5 million shares at a price range of $14.00 to $16.00 to raise $112.5 million, if the IPO is priced at the $15.00 mid-point. Under those terms, Beta Bionics would have a market cap of $577.35 million. BofA Securities, Piper Sandler, Leerink and Stifel are the joint book-runners. Beta Bionics’ IPO is set for pricing next week – on Wednesday night, Jan. 29, 2025, to trade Thursday, Jan. 30, 2025, on the NASDAQ. The company, based in Irvine, California, is focusing its initial commercialization efforts for the iLet on Type 1 diabetes (T1D). The FDA gave Beta Bionics clearance for that indication in patients age 6 and older in May 2023 in the United States. Type 1 diabetes (T1D) is an autoimmune disorder that often develops during childhood or adolescence, but can occur at any age, and arises from a person’s immune system attacking and destroying the insulin-producing beta cells in the pancreas. About 1.8 million people live with T1D in the U.S., and all of them require daily insulin replacement to manage their disease, Beta Bionics pointed out in the prospectus. Beta Bionics, founded in 2015, is not profitable. For the 12 months that ended on Sept. 30, 2024, Beta Bionics reported a net loss of $55.4 million on revenue of $53.1 million.

Source: https://www.iposcoop.com/the-ipo-buzz-beta-bionics-bbnx-proposed-files-terms-for-112-5-million-ipo/

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

LION'S MANE PRODUCT

Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules

Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.

Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.

Comments

Online:
Visits:	1,672,013,335
Stories:	8,338,001