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3w ago

Centessa Prices $250 Million ADS Offering at $21.50 as Shares Hit Record High

Proceeds target pipeline development under an S-3 shelf, and an underwriter option could lift the raise to about $287.5 million.

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Overview

  • Centessa is selling 11,627,907 ADSs at $21.50 each for expected gross proceeds of roughly $250 million.
  • The offering is slated to close on or about November 14, 2025, subject to customary closing conditions.
  • Underwriters have a 30-day option to buy up to 1,744,186 additional ADSs, which could bring total proceeds to about $287.5 million.
  • Jefferies, Leerink Partners, Evercore ISI and Guggenheim Securities are joint book-runners, with Oppenheimer, Truist Securities and LifeSci Capital as co-leads.
  • Shares jumped about 18% to an all-time high following the financing news, as the company noted wider Q3 losses driven by increased R&D and said proceeds will support its pipeline and general corporate needs.