Lycia Therapeutics closes upsized $365.1 million IPO

On October 26, 2026, Lycia Therapeutics announced it had closed its upsized initial public offering.

The company sold 20,286,000 shares at $18 per share, including 2,646,000 shares bought through the underwriters’ full exercise of their additional-share option.

The offering generated approximately $365.1 million in gross proceeds, before underwriting discounts, commissions, and other expenses. All shares were issued by Lycia.

Lycia began trading on the Nasdaq Global Select Market on October 23, 2026, under the ticker LYCA.

Sources:

Rule 424(b

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