Press Release

Neumora Therapeutics – $250.1 Million IPO

September 15, 2023

San Diego – September 15, 2023 – Cooley advised the underwriters on the $250.1 million initial public offering of Neumora Therapeutics, a clinical-stage biopharmaceutical company founded to confront the global brain disease crisis by taking a fundamentally different approach to the way treatments for brain diseases are developed. Partners Charlie Kim, Kristin VanderPas, David Peinsipp and Denny Won led the Cooley team advising the underwriters.

Neumora sold 14,710,000 shares of its common stock, priced at $17 per share. In addition, Neumora granted the underwriters a 30-day option to purchase up to 2,206,500 additional shares of common stock at the initial public offering price, less underwriting discounts and commissions. Neumora’s stock began trading on the Nasdaq Global Select Market on September 15, 2023, under the ticker symbol NMRA.

J.P. Morgan, BofA Securities, Stifel, Guggenheim Securities, RBC Capital Markets and William Blair are acting as joint book-running managers for the offering.

As of the closing date of this IPO, Cooley has worked on seven of eight US biotechnology IPOs raising at least $20 million in 2023.

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