Hedge-Fund-Backed Acelyrin Makes a Strong IPO Debut

In a brutal IPO environment, the biopharma company soared 30 percent in its first day of trading.

Getty Images

Getty Images

Acelyrin, a late-stage clinical biopharma company focused on the development and delivery of transformative medicines in immunology, hit the ground running in its first day of trading on Friday, posting roughly a 30 percent gain over its IPO price. The stock then tacked on another 2 percent increase in Monday trading.

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