Compass Pathways Raising Up To $107.2 million For IPO, Valuation $500+ Million
Marijuana Stocks, Finance, & InvestingUncategorized September 15, 2020 MJ Shareholders
Compass Pathways has announced the terms for its IPO. Compass is seeking to raise up to $107.2 million as it prepares to list on the NASDAQ (symbol “CMPS”).
The financing will encompass 6.7 million American Depository Shares, priced between $14 and $16. Altogether, Compass will have 34.01 million shares outstanding by its IPO date.
Compass is preparing to go to market at a valuation at or about $544.1 million. In its most recent filing (June30th), Compass reported a loss of $24.8 million for the six months ending June 30, 2020.
MJ Shareholders
MJShareholders.com is the largest dedicated financial network and leading corporate communications firm serving the legal cannabis industry. Our network aims to connect public marijuana companies with these focused cannabis audiences across the US and Canada that are critical for growth: Short and long term cannabis investors Active funding sources Mainstream media Business leaders Cannabis consumers
