Companies in the News

Beam Therapeutics IPO Raises $180M After Nearly Doubling Shares Offered

Xconomy Boston — Gene editing biotech Beam Therapeutics raised $180 million in its initial public offering Wednesday after offering 48 percent more shares than it initially anticipated. Beam, which was slated to begin trading Thursday on the Nasdaq exchange under the stock symbol “BEAM,” sold 9.25 million shares, up from the 6.25 million it said it planned to offer in a Jan. 30 securities filing. The company priced its IPO at $17 per share late Wednesday, the top of the $15 to $17 range it had targeted. Beam filed IPO paperwork with securities regulators back in September. The company is one of a number in the gene-editing arena working to develop a CRISPR-based technology that can offer eve