Fractyl Health IPO Debut Raises $110 Million in Capital

Fractyl Health, Inc. (GUTS) has released an update.

On February 6, 2024, a company successfully launched its initial public offering (IPO), releasing 7.3 million shares at $15 each, raking in around $110 million in gross proceeds. This significant financial milestone, however, also entails underwriting fees and other offering expenses that the company is responsible for covering.

For further insights into GUTS stock, check out TipRanks’ Stock Analysis page.

For a comprehensive understanding of the announcement, you can read the full document here.