Eikon Therapeutics' IPO
Listed Feb 5, 2026 at $18 on Nasdaq as EIKN.
Today 69% below its $18 offer price; its first day closed -16.7%.
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What does Eikon Therapeutics do?
“We are a late-stage clinical biopharmaceutical company dedicated to building a global, fully-integrated organization developing important, innovative medicines to address serious unmet medical needs.”
| Fact | Eikon Therapeutics |
|---|---|
| Incorporated | Delaware, 2019 |
| Headquarters | Millbrae, California |
| Employees | 384 full-time, as of December 31, 2025 |
| Website | eikontx.com |
What is the offering?
Each figure names the filing it is from and that filing's date. The market cap is Breakaway's arithmetic from the prospectus's share count.
| Fact | Eikon Therapeutics |
|---|---|
| Shares offered | 21,177,600 |
| Offer price | $18 a share |
| Raised at that price | $381 million |
| Underwriters' discount | $26.7 million |
| Underwriters' option | 3,176,640 more shares |
| Underwriters | J.P. Morgan, Morgan Stanley, BofA Securities, Cantor, and Mizuho |
| Exchange | Nasdaq Global Select Market, as EIKN |
| Shares outstanding after | 53,984,337 |
| Market cap at the offer price | $972 million |
What the filing says about its money
| Fact | Eikon Therapeutics |
|---|---|
| Revenue | None from product sales yet |
| Last preferred stock | Series D preferred |
What risks does Eikon Therapeutics name first?
- “We are a late clinical-stage biotechnology company with a limited operating history and a history of incurring substantial net losses, have no products approved for commercial sale, have never generated revenue from product sales, and may never achieve or maintain profitability.”
- “Our recurring losses from operations and financial condition raise substantial doubt about our ability to continue as a going concern.”
- “Even if this offering is successful, we will require substantial additional capital to finance our operations and achieve our business objectives.”
Every date of Eikon Therapeutics' IPO
| What | Day |
|---|---|
| Registration filed | Jan 9, 2026 |
| Exchange registration filed | Jan 28, 2026 |
| Declared effective by the SEC | Jan 30, 2026 |
| Priced | Feb 4, 2026 |
| First trade | Feb 5, 2026 |
| Lock-up ends | Aug 3, 2026 |
How did its first days trade?
From its daily bars, each close against its $18 offer price.
| Day | Open | Close | From the offer |
|---|---|---|---|
| Feb 5 | $17.05 | $15 | -16.7% |
| Feb 6 | $15.22 | $14.50 | -19.4% |
| Feb 9 | $15.87 | $14.55 | -19.2% |
| Feb 10 | $14.56 | $13.59 | -24.5% |
| Feb 11 | $13.60 | $14.49 | -19.5% |
What is Eikon Therapeutics' Quality Score?
Below Average
EIKN's page, with every reason behind its scoreThe other IPOs expected
| Company | Price |
|---|---|
| $19 to $21 | |
| $15 to $17 | |
| $15 to $17 | |
| $7 | |
| $5 to $7 |
Eikon Therapeutics IPO questions
When is Eikon Therapeutics' IPO?
Listed Feb 5, 2026 at $18 on Nasdaq as EIKN.
What is Eikon Therapeutics' IPO price?
Eikon Therapeutics' IPO priced at $18 a share, per its final prospectus of Feb 5, 2026.
How many shares is Eikon Therapeutics selling?
21,177,600 shares, and the underwriters may buy 3,176,640 more, per its final prospectus (424B4).
Who are the underwriters?
J.P. Morgan, Morgan Stanley, BofA Securities, Cantor, and Mizuho, as the prospectus's cover names them.
When does the lock-up end?
Eikon Therapeutics' IPO lock-up ends Aug 3, 2026. Its final prospectus says: “.”
Does Breakaway rate Eikon Therapeutics?
Eikon Therapeutics has a Quality Score of 0 today. The score counts the 14 chart checks and the company's filings; a check that needs more history than a new stock has waits for it.
Can Breakaway say where Eikon Therapeutics' price will go?
No. Breakaway does not say where a price will go. Every figure here is from the company's SEC filings, linked on each line.
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