IPO Update: Telomir Pharmaceuticals Proposes IPO Terms

Dec. 16, 2023 12:25 PM ETTelomir Pharmaceuticals, Inc. (TELO) StockTELO

Summary

  • Telomir Pharmaceuticals plans to raise $7 million through an IPO to fund its development of treatments for age-related inflammatory conditions.
  • The company's lead candidate, TELOMIR-1, has the potential to act as an Interleukin-17 inhibitor for conditions such as hemochromatosis and osteoarthritis.
  • Given TELO’s thin capitalization, high valuation expectations and early stage of development, my opinion on the IPO is to Sell [Avoid].
  • Looking for more investing ideas like this one? Get them exclusively at IPO Edge. Learn More »

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A Quick Take On Telomir Pharmaceuticals

Telomir Pharmaceuticals (NASDAQ:TELO) has filed proposed terms to raise $7 million from the sale of its common stock in an IPO, according to an amended SEC registration statement.

The company is a

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This article was written by

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Donovan Jones is a research specialist with 15 years of experience identifying opportunities for IPOs and public software companies.

He also leads the investing group IPO Edge, which offers actionable information on growth stocks through first-look IPO filings, previews on upcoming IPOs, an IPO calendar for tracking what’s on the horizon, a database of U.S. IPOs, and a guide to IPO investing to walk you through the entire IPO lifecycle - from filing to listing to quiet period and lockup expiration dates.

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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