Thiel-backed psychedelic drugmaker valued at $3.2B in Nasdaq debut ...Middle East

New York Post - Technology
Thiel-backed psychedelic drugmaker valued at $3.2B in Nasdaq debut
source : New York Post ( Middle East ) () 19
Shares of Atai Life Sciences, backed by billionaire investor Peter Thiel, surged 40 percent in their U.S. stock market debut on Friday, giving the German psychedelics startup a market capitalization of $3.19 billion. The Berlin-based biotech startup, which is exploring the use of psychedelic treatments for mental illnesses, raised $225 million from selling 15 million shares in...

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