Compass Pathways Raising Up To $107.2 million For IPO, Valuation $500+ Million

09/15/2020
Source:
by: PSW Editor

Compass Pathways has announced the terms for its IPO. Compass is seeking to raise up to $107.2 million as it prepares to list on the NASDAQ (symbol “CMPS”).

The financing will encompass 6.7 million American Depository Shares, priced between $14 and $16. Altogether, Compass will have 34.01 million shares outstanding by its IPO date.

Compass is preparing to go to market at a valuation at or about $544.1 million. In its most recent filing (June30th), Compass reported a loss of $24.8 million for the six months ending June 30, 2020.