Skip to content

Peter Thiel-backed Compass Pathways files for U.S. IPO

August 30, 2020

Peter Thiel-backed Compass Pathways Plc on Friday filed for an initial public offering (IPO), adding to a flurry of filings from tech companies during a week that has already seen Palantir Technologies and Snowflake Inc make their IPO paperwork public.

The United Kingdom-based mental healthcare company, in which Thiel owns a 7.54% stake, said it plans to list its American depositary shares on the Nasdaq under the ticker “CMPS”.

The company posted a net loss of $24.83 million (18.80 million pounds), or 30 cents per share, in the first six months of the year. (https://bit.ly/2QCLKOg)

Silicon Valley billionaire Thiel is a co-founder of PayPal and was Facebook Inc first major investor. He is also the chairman of Palantir Technologies, which will go public through a direct listing in the coming weeks.

Several companies have been looking to ride the stunning recovery in U.S. capital markets from the COVID-19 pandemic that earlier this year forced them to postpone their debuts.

Cowen, Evercore ISI and Berenberg are the joint book-running managers for the IPO.

https://www.marketscreener.com/business-leaders/Peter-Thiel-180/news/Peter-Thiel-backed-Compass-Pathways-files-for-U-S-IPO–31197495/

From → Uncategorized

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: