: Kronos Bio upsizes IPO, boosting valuation to up to $975.5 million

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Kronos Bio Inc. KRON, disclosed Thursday that its initial public offering was upsized by about 28%, as the California-based biopharmaceutical now looks to raise up to $236.8 million.

The company is now offering 13,147,895 shares in the IPO, up from 10,294,118, while the pricing is still expected to be between $16 and $18 a share.

With 54.2 million shares now expected to be outstanding after the IPO, up from 51.3 million, the company could be valued at up to $975.5 million. The shares are expected to list on the Nasdaq under the ticker symbol “KRON.”

Kronos Bio is looking to go public at a good time for IPOs, as the Renaissance IPO ETF IPO has rallied 24.3% over the past three months while the S&P 500 SPX has gained 7.9%.

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