Sionna Therapeutics, Inc.'s Quiet Period To Expire on March 19th (NASDAQ:SION)
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Sionna Therapeutics' quiet period will end on March 19th, following its IPO on February 7th, where it issued 10,588,233 shares totaling $190.6 million at an initial price of $18.00. During this period, underwriters and insiders were restricted from issuing research reports. Post-quiet period, brokerages are expected to initiate coverage. Analysts have already set buy ratings, with price targets of $32.00 and $45.00 from Stifel Nicolaus and Guggenheim, respectively. SION stock opened at $16.25, with a 1-year range of $13.20 to $25.19.
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