(Reuters) - Atai Life Sciences B.V., backed by billionaire investor Peter Thiel, said on Friday it was looking to raise as much as $214.3 million through a U.S. initial public offering, targeting a valuation of about $2.3 billion.
The Berlin-based biotech startup, which is exploring the use of psychedelic treatments for mental health disorders, said it planned to sell around 14.29 million shares priced between $13 and $15 per share.
(bit.ly/3iA5ste)Atai’s co-founder Christian Angermayer is an advocate of the mental health benefits of psychedelics such as psilocybin, the active ingredient in so-called magic mushrooms, for the treatment of depression, anxiety and substance use disorders.
Launched in 2018, Atai has raised $362.3 million in cash so far, a regulatory filing showed.
Atai will be listed on the Nasdaq and will trade under the ticker symbol “ATAI”.
Peter Thiel, Atai’s, Christian Angermayer, Atai, Cowen, Berenberg
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