# TRex Bio Closes $116.7 Million IPO at $14 Per Share

- URL: https://stocks.freetheai.org/news/trex-bio-closes-116-7-million-ipo-at-14-per-share-826b80
- Published: 2026-10-13T20:47:00Z
- Category: ipo; sentiment: mixed; impact: medium
- Symbols: [NASDAQ:TRXB](https://stocks.freetheai.org/symbols/NASDAQ-TRXB)
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Biotechnology firm TRex Bio, Inc. (TRXB) has completed its initial public offering, raising approximately $116.7 million in gross proceeds. The company sold 8,333,334 primary shares at an offering price of $14.00 per share. The stock has officially listed on the Nasdaq Global Select Market under the ticker symbol TRXB and traded at $13.60, down 3.06% on the day.

Because all shares in the offering were sold directly by the company, all gross proceeds will flow directly to TRex Bio rather than existing shareholders. This initial capital raise provides the company with fresh cash runway to support its clinical programs while establishing a public market valuation and an initial float of shares.

Investors moving forward should monitor key upcoming milestones, including updates on clinical data and detailed plans for the use of offering proceeds. Market participants will also want to watch lock-up expiration dates, which could influence share supply and trading liquidity over time.

## Key points

- TRex Bio, Inc. (TRXB) closed its initial public offering of 8,333,334 shares at $14.00 per share.
- The IPO generated approximately $116.7 million in gross proceeds to fund clinical programs.
- All shares were sold by the company, meaning all proceeds go directly to TRex Bio.
- The shares are now listed on the Nasdaq Global Select Market under the symbol TRXB.
- TRXB stock traded at $13.60, reflecting a 3.06% decline on the day.

## Questions and answers

### What was the offer price for the TRex Bio IPO?

TRex Bio offered 8,333,334 shares at $14.00 per share, raising approximately $116.7 million in gross proceeds.

### What is the ticker symbol and stock exchange for TRex Bio?

TRex Bio trades on the Nasdaq Global Select Market under the ticker symbol TRXB.

### How much money did TRex Bio raise in its initial public offering?

TRex Bio raised approximately $116.7 million in gross proceeds, with all shares sold directly by the company to support its clinical programs.