
Corporate ActionJul 15, 2026, 06:07 AM
Tarsier Pharma to IPO 5.56M Shares at $8-10; 10-for-1 Forward Split
AI Summary
Tarsier Pharma Ltd. filed an amendment to its F-1 registration statement for an initial public offering of 5,555,555 ordinary shares, with an anticipated price range of $8.00 to $10.00 per share. The company plans to list its shares on the NYSE under the symbol "TARX". Prior to the offering, a 10-for-1 forward stock split will be effected. Tarsier Pharma is an emerging growth company and a foreign private issuer, developing novel therapies for blinding eye diseases, including lead product candidate TRS01 for uveitis and uveitic glaucoma.
Key Highlights
- Initial public offering of 5,555,555 ordinary shares.
- Anticipated IPO price range of $8.00 to $10.00 per share.
- Assumed offering price of $9.00 per share for calculations.
- 10-for-1 forward stock split to be effected before closing.
- Application to list ordinary shares on NYSE under "TARX".
- Underwriter granted option to buy up to 833,333 additional shares.
- Company qualifies as an "emerging growth company" and "foreign private issuer".
Price Impact
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