Press Release

Alto Neuroscience Announces $147.9 Million IPO

February 6, 2024

Chicago – February 6, 2024 – Cooley advised Alto Neuroscience, a company redefining psychiatry by leveraging individuals’ neurobiology to develop personalized and highly effective medicines and helping patients get better faster, on its $147.9 million initial public offering. Partners Div Gupta, Christina Roupas, Courtney Tygesson and Laurie Bauer led the Cooley team advising Alto.

Alto offered a total of 9,246,000 shares of common stock priced at $16 per share, which included the full exercise of the underwriters’ option to purchase an additional 1,206,000 shares. Alto’s common stock began trading on the New York Stock Exchange on February 2, 2024, under the ticker symbol ANRO.

Cooley previously advised Alto on its $45 million Series C financing in November 2023.

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