Odyssey Therapeutics' IPO
Listed May 8, 2026 at $18 on Nasdaq as ODTX.
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What does Odyssey Therapeutics do?
“Odyssey is a clinical-stage biopharmaceutical company led by a team and board of drug hunters seeking to transform the standard of care for patients suffering from autoimmune and inflammatory diseases.”
| Fact | Odyssey Therapeutics |
|---|---|
| Incorporated | Delaware, 2021 |
| Headquarters | Boston, Massachusetts |
| Employees | 100 full-time, as of March 31, 2026 |
| Website | odysseytx.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 | Odyssey Therapeutics |
|---|---|
| Shares offered | 15,500,000 |
| Offer price | $18 a share |
| Raised at that price | $279 million |
| Underwriters' discount | $19.5 million |
| Underwriters' option | 2,325,000 more shares |
| Underwriters | J.P. Morgan, TD Cowen, Cantor, Wedbush, and Oppenheimer |
| Exchange | Nasdaq Capital Market, as ODTX |
What the filing says about its money
| Fact | Odyssey Therapeutics |
|---|---|
| Collaboration revenue | $3 million, year to December 31, 2025 |
| Net loss | $149 million, year to December 31, 2025 |
| Last preferred stock | Series D preferred |
What risks does Odyssey Therapeutics name first?
- “We are a 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 be profitable.”
- “Even if this offering and the concurrent private placement are successful, we will require substantial additional capital to finance our operations.”
- “Our business depends entirely on the success of our product candidates and development programs, including OD-001 and OD-002, and we cannot guarantee that any or all of our current or future product candidates will successfully complete clinical development…”
Every date of Odyssey Therapeutics' IPO
| What | Day |
|---|---|
| Registration filed | Jan 17, 2025 |
| Exchange registration filed | May 5, 2026 |
| Declared effective by the SEC | May 7, 2026 |
| Priced | May 7, 2026 |
| First trade | May 8, 2026 |
| Lock-up ends | Nov 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 |
|---|---|---|---|
| May 8 | $20 | $16.42 | -8.8% |
| May 11 | $16.56 | $17.45 | -3.1% |
| May 12 | $17.61 | $17.90 | -0.6% |
| May 13 | $18.06 | $17.94 | -0.3% |
| May 14 | $17.92 | $17.32 | -3.8% |
The other IPOs expected
| Company | Price |
|---|---|
| $19 to $21 | |
| $15 to $17 | |
| $15 to $17 | |
| $7 | |
| $5 to $7 |
Odyssey Therapeutics IPO questions
When is Odyssey Therapeutics' IPO?
Listed May 8, 2026 at $18 on Nasdaq as ODTX.
What is Odyssey Therapeutics' IPO price?
Odyssey Therapeutics' IPO priced at $18 a share, per its final prospectus of May 8, 2026.
How many shares is Odyssey Therapeutics selling?
15,500,000 shares, and the underwriters may buy 2,325,000 more, per its final prospectus (424B4).
Who are the underwriters?
J.P. Morgan, TD Cowen, Cantor, Wedbush, and Oppenheimer, as the prospectus's cover names them.
When does the lock-up end?
Odyssey Therapeutics' IPO lock-up ends Nov 3, 2026. Its final prospectus says: “.”
Does Breakaway rate Odyssey Therapeutics?
Breakaway scores a new stock from its second trading day, ranked against every US stock it scores. For its first 21 sessions the page says New listing in place of the tier, and each check that needs more history waits for it.
Can Breakaway say where Odyssey 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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