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Novo-Backed Drugmaker Avalyn Soars 44% After $300 Million US IPO

Avalyn Pharma Inc. shares jumped 44% in its trading debut, after the biopharmaceutical company raised $300 million in an upsized US initial public offering.

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Bloomberg
April 30, 2026·1 min read
Novo-Backed Drugmaker Avalyn Soars 44% After $300 Million US IPO

Image: Bloomberg

Avalyn Pharma Inc. shares jumped 44% in its trading debut, after the biopharmaceutical company raised $300 million in an upsized US initial public offering.

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Novo-Backed Drugmaker Avalyn Soars 44% After $300 Million US IPO

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