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Stealth BioTherapeutics prices IPO at $12, the low end of the range

February 15, 2019

Stealth BioTherapeutics, a Phase 3 biotech focused on rare diseases caused by mitochondrial dysfunction, raised $78 million by offering 6.5 million shares at $12, the low end of the range of $12 to $14. Stealth BioTherapeutics plans to list on the Nasdaq under the symbol MITO. Jefferies, Evercore ISI and BMO Capital Markets acted as lead managers on the deal.