AI pharmaceutical company Iambic (IAM.US), supported by Nvidia, applies for US IPO to advance three early-stage cancer drugs
Iambic Therapeutics Inc. has filed for an initial public offering (IPO) in the United States.
According to Jinse Finance, Nvidia (NVDA.US)-backed clinical-stage life sciences and technology company Iambic Therapeutics Inc. has applied for an initial public offering (IPO) in the United States. According to its filing submitted to the U.S. Securities and Exchange Commission (SEC) on Monday, the San Diego-based company uses artificial intelligence (AI) to develop new therapies and plans to use the IPO proceeds to advance three early-stage cancer drugs.
The documents show that Iambic is collaborating with AbbVie (ABBV.US) to develop disease therapies covering immunology, neuroscience, and oncology, and has established partnerships with pharmaceutical companies such as Takeda Pharmaceutical (TAK.US) and H. Lundbeck A/S. Its partners also include Nvidia and AI cloud company Lambda Inc.
On the financial side, the documents show that for the six months ended June 30, 2026, Iambic reported a net loss of $50.1 million and revenue of $12.8 million; in the same period last year, it had a net loss of $33.2 million and revenue of $3.9 million.
Since its founding in 2019, Iambic has raised $461.8 million from investors in the technology and healthcare sectors. Its major shareholders include U.S. investment firm Catalio Capital Management, Nexus Venture Partners, Coatue, as well as Nvidia and the healthcare investment arm of the Qatar Investment Authority.
The offering is led by JPMorgan, Jefferies, Bank of America, and Citigroup. Iambic expects its shares to trade on the Nasdaq Global Select Market under the ticker symbol “IAM”.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Vodafone (VOD.US) Swings to Loss in First Half, German Operations Major Drag
Vodafone (VOD.US) released its financial results for the first half of fiscal year 2027.
AI gamble backfires! Data center project writedowns and weak tech stock positions drag down SoftBank (SFTBY.US) to a Q2 loss of $7.1 billion
SoftBank recorded its first net loss in nearly two years due to a $3.7 billion impairment loss arising from a U.S. data center project, coupled with mounting market concerns over the sustainability of artificial intelligence (AI) growth impacting the investment giant’s key holdings.
AI Cloud Sector Faces a Key Moment: CoreWeave (CRWV.US) Set to Announce Earnings, Wells Fargo Remains Bullish
CoreWeave (CRWV.US) will release its third-quarter financial report after the U.S. stock market closes on Tuesday. This is seen as a key test for the strength of the new AI cloud sector.

JPMorgan raises target prices for Target and Walmart
