Beta Bionics (BBNX) began trading on the Nasdaq on Thur 30 Jan 25

Beta Bionics is a diabetes technology company. Its iLet Bionic Pancreas is an automated insulin delivery system that received FDA clearance in 2023 for people with Type 1 diabetes. 

• Sector: Healthcare
• Industry: Medical Devices
• Full Time Employees: 279
• Founded by Edward R. Damiano in 2015 
• Headquartered in Irvine, California
• https://www.betabionics.com

Completed its initial public offering (IPO) on January 30, 2025. 

The IPO raised $234.6 million 

Ticker: BBNX

IPO details

• The IPO was for 13,800,000 shares of common stock at $17 per share 
• The underwriters had the option to purchase an additional 1,800,000 shares 
• Beta Bionics also sold 1,000,000 shares in a private placement to an existing investor at $17 per share 
• BofA Securities, Piper Sandler, and Leerink Partners were the lead bookrunners for the offering 

IPOs this week : Jan 27 - 31, 25 (wk 5)

Smithfield Foods – Smithfield, Va., 34.8 million shares, priced at $23-$27, managed by Morgan Stanley BofA. Proposed Nasdaq symbol SFD. Business: Leading US producer of meat products being spun out of China’s WH Group.

Infinity Natural Resource – Morgantown, W.Va., 13.3 million shares, priced at $18-$21, managed by Citi Raymond James. Proposed NYSE symbol INR. Business: US oil and natural gas producer operating in the Utica and Marcellus Shales.

Beta Bionics – Irvine, Calif., 7.5 million shares, priced at $14-$16, managed by BofA Piper Sandler. Proposed Nasdaq symbol BBNX. Business: Makes an automated insulin delivery system for type 1 diabetes.

FG Merger II – Itasca, Ill., 8 million shares, priced at $10, managed by ThinkEquity. Proposed Nasdaq symbol FGMCU. Business: Blank check company targeting the financial services industry in North America.

RedCloud – London, 11 million shares, priced at $4-$6, managed by Roth Cap. Clear Street. Proposed Nasdaq symbol RCT. Business: Operates a B2B platform for sellers of consumer goods in emerging markets.

HW Electro – Tokyo, 4 million shares, priced at $4, managed by AC Sunshine Sec. Univest Sec.. Proposed NYSE American symbol HWEP. Business: Japanese retailer of electric light commercial vehicles.

Cortigent – Valencia, Calif., 1.5 million shares, priced at $10, managed by ThinkEquity. Proposed NYSE American symbol CRGT. Business: Developing camera-based neural implants that restore partial vision to the blind.

iOThree – Singapore, 2.6 million shares, priced at $4-$6, managed by Eddid Securities Network 1. Proposed Nasdaq symbol IOTR. Business: Singapore-based provider of maritime connectivity and digitalization solutions.