Kardigan IPO: offering terms from its S-1
Kardigan priced its IPO at $16 a share on 18 Jun 2026 and raised $400 million. Its shares trade on Nasdaq as KARD.
Headlines
- Net loss, 2025
- $192M
- IPO price
- $16
- $400M raised
Kardigan IPO terms
From the final prospectus (424B4).
- Exchange
- Nasdaq Global Market
- Ticker
- KARD
- IPO price
- $16
- Shares offered
- 25,000,000
- Raised
- $400M
- Registered
- $429M, the amount the filing fee is paid on
- Underwriters
- J.P. Morgan, Jefferies, Leerink Partners and TD Cowen
- First filed
- 26 May 2026
Kardigan revenue and profit
| Period | Revenue | Operating income | Net income |
|---|---|---|---|
| 2025 | - | -$202M | -$192M |
| First quarter of 2026 | - | -$59M | -$56M |
Kardigan share structure and company facts
- Share classes and votes
- Voting common stock: 1 vote per share; Non-voting common stock: 0 votes per share
- Employees
- 241
- Headquarters
- Princeton, NJ
Kardigan shares since the IPO
Latest close 26 Oct 2026
- IPO price
- $16
- Priced 18 Jun 2026
- First close
- $22.00
- +38% on the IPO price
- Latest close
- $12.63
- -21% on the IPO price
Kardigan's IPO filings
The registration statement, each amendment and the final prospectus, oldest first.
About the data
- Terms and financials are read from Kardigan's newest prospectus (424B4 filed 18 Jun 2026) by a Kadoa workflow. Check figures that matter against the filing.
- Registered is the amount the filing fee is paid on, often a placeholder before the price range is set.
- Raised is the IPO price times the shares sold, without the underwriters' option. Trading compares the first and latest close with the IPO price.