Bicycle Therapeutics

  • Biotech Bicycle Therapeutics PLC ADS BCYC, +4.46% fell 10.7% in their trading debut Thursday, shedding $1.50 in their first hour of trade. The company priced its initial public offering late Wednesday at $14, selling 4.3 million shares to raise $60.2 million. The stock is trading on Nasdaq, under the ticker symbol "BCYC." Proceeds of the deal will be used to fund research and development and for working capital and general corporate purposes.

    Bicycle Therapeutics plc BCYC, +4.46% priced its initial public offering late Wednesday at $14 per American Depositary Share, selling 4.3 million shares to raise $60.2 million. The stock will start trading later Thursday on Nasdaq, under the ticker symbol "BCYC." Separately, Ideaya Biosciences priced its IPo at $10 a share, selling 5 million shares to raise $50 million. That stock will also start trading later Thursday, under the ticker symbol "IDYA."

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