The IPO Buzz: CAMP4 Therapeutics (CAMP) Prices Upsized IPO at $11 – $3 Below Range

Phase I biotech CAMP4 Therapeutics (CAMP) took the road less traveled on its way to going public. CAMP4 Therapeutics Corp. priced its IPO at $11.00 – $3 below the bottom of its $14.00-to-$16.00 price range – and increased the IPO’s size at pricing – to 6.82 million shares – up from 5.0 million shares in the prospectus – to raise $75.0 million on Thursday night, Oct. 10, 2024. CAMP4 Therapeutics’ stock is expected to start trading today – Friday, Oct. 11, 2024 – on the NASDAQ. The pricing terms gave CAMP4 Therapeutics a market cap of $265.28 million – well within the “small cap” category under NASDAQ’s guidelines. J.P. Morgan, Leerink Partners, Piper Sandler and William Blair were the joint book-runners. CAMP4 Therapeutics (CAMP), based in Cambridge, Massachusetts, said its lead product candidate, CMP-CPS-001, has the potential to be the first disease-modifying therapy to treat the most prevalent urea cycle disorders (UCDs), according to the prospectus. CMP-CPS-001 is designed to improve urea cycle activity by amplifying expression of carbamoyl phosphate synthetase 1, or CPS1, an enzyme that catalyzes the first step of the urea cycle by binding to a CPS1-specific regRNA, the prospectus said. CAMP4 Therapeutics said it expects to report Phase 1 clinical trial data in 2025. Urea cycle disorders (UCDs) collectively make up a group of severe inherited metabolic diseases caused by mutations in the genes that encode one or more of the eight enzymes and transporters needed to convert ammonia into urea. The body’s inability to properly metabolize ammonia leads to toxic levels in circulation – and it can ultimately lead to neurologic disability, seizure and death, according to the prospectus. CAMP4 Therapeutics is not profitable: The Phase 1 biotech reported a net loss of $49.71 million on no product revenue for the 12 months that ended June 30, 2024, according to financial statements in the prospectus. (For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on IPOScoop.com’s website.) Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board. To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message. Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions. Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums) is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.