The IPO Buzz: LB Pharmaceuticals Upsizes IPO & Prices it at $15 – Mid-Point
LB Pharmaceuticals (LBRX) upsized its IPO at pricing to 19.0 million shares – up from 16.67 million shares in the prospectus – and priced the deal at $15.00 – the mid-point of its $14.00-to-$16.00 range – to raise $285 million on Wednesday night, Sept. 10, 2025. The clinical biotech’s stock is expected to start trading tomorrow – Thursday, Sept. 11 – on the NASDAQ.
Leerink Partners, Piper Sandler and Stifel served as the joint book-runners.
LB Pharmaceuticals, based in New York, is developing its lead product candidate, LB-102, as an oral small molecule therapy to treat acute schizophrenia, according to the prospectus.
Schizophrenia is “defined as a sudden and severe episode of psychotic symptoms, characterized by hallucinations, delusions, and other positive symptoms,” the prospectus said. “Schizophrenia is a chronic severe, complex and debilitating psychiatric disorder that affects about 1 percent of the U.S. population. It is a leading cause of disability.”
The company said it plans “to start a Phase 3 trial in the first quarter of 2026.”
LB Pharmaceuticals is not profitable. The company reported a net loss for the 12 months that ended June 30, 2025. The company has not generated any product revenue yet.
Source: https://www.iposcoop.com/the-ipo-buzz-lb-pharmaceuticals-upsizes-ipo-prices-it-at-15-mid-point/
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