Peter Thiel-Backed Psychedelics Start-Up Plans to Raise $100 Million in IPO
The filing shows that ATAI has raised an aggregate of $362.3 million from private investors so far. It is planning to sell its shares on New York's tech-focused Nasdaq market under the symbol ATAI. A date for the IPO has not been set. Underwriters for the IPO include Credit Suisse, Citigroup, Cowen, and Berenberg. ATAI, which describes itself as a drug development platform, was set up to acquire, incubate and develop psychedelics and other drugs that can be used to treat depression, anxiety, addiction and other mental health conditions. The company, which has roughly 50 staff in offices acros...