The IPO Buzz: Metsera (MTRS) Prices IPO at $18 – $1 Above Range – & Trims IPO’s Size

Metsera (MTSR), the developer of a weight-loss shot, priced its IPO at $18.00 – $1.00 above the top of its $15.00-to-$17.00 price range – on Thursday night, Jan. 30, 2025. The New York biotech, however, trimmed the IPO’s size at pricing to 15.28 million shares – down from 17.19 million shares in the prospectus – and priced the deal at $18.00 to raise $275.0 million. Shares of Metsera are expected to start trading Friday, Jan. 31, 205, on the NASDAQ. BofA Securities, Goldman Sachs, Evercore ISI, Guggenheim Securities and Cantor acted as the joint book-runners, Metsera  plans to use the IPO’s net proceeds to finance a Phase 3 clinical trial of its leading drug candidate – a monthly weight-loss shot to treat people who are obese or overweight, according to the prospectus. Metsera’s injectable weight-loss drug is being developed as a longer-acting alternative to the blockbuster obesity drugs Ozempic and Mounjaro. (For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com  website.) Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board. To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message. Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions. Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums) is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.