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Stem cell biotech Magenta Therapeutics files for a $100 million IPO

May 24, 2018
Dianthus Therapeutics (Magenta Therapeutics) logo

Magenta Therapeutics, which is developing novel therapies to make stem cell transplants more effective, filed on Thursday with the SEC to raise up to $100 million in an initial public offering.

The Cambridge, MA-based company was founded in 2015 by Third Rock Ventures and Atlas Venture and plans to list on the Nasdaq under the symbol MGTA. J.P. Morgan, Goldman Sachs and Cowen & Company are the joint bookrunners on the deal. No pricing terms were disclosed.