Peter Thiel-Backed Atai Life Sciences Announces IPO With $2 Billion Valuation
Photo by Louis Reed on Unsplash

The Peter Thiel-backed psychedelic biopharmaceutical company Atai Life Sciences has announced plans to IPO with a launch on Nasdaq under the symbol “ATAI.” The IPO, valued at more than $2 billion, is expected to launch with more than 14 million common shares, with a 30-day option for underwriters to purchase an additional 2.1 million shares. It should raise more than $214 million. Credit Suisse, Citigroup, Cowen, and Berenberg led the underwriters for the offering.

The Berlin-based startup is one of a number of life sciences companies working with psychedelics to treat mental health conditions including depression, anxiety, and substance abuse disorders. The company, which was founded by Christian Angermayer, Florian Brand, Lars Wilde, and Srinivas Rao, launched in 2018. The aim was to tackle a lack of innovation in mental health treatment.

Atai has raised more than $157 million to date, including $12 million from the billionaire PayPal co-founder last November.

“ATAI’s great virtue is to take mental illness as seriously as we should have been taking all illness all along,” Thiel said last year. “The company’s most valuable asset is its sense of urgency.”

With ten development programs and six enabling technologies in its current portfolio, Atai is now also conducting Phase 2 trials with one of its companies, Recognify Life Sciences. It’s also expecting to launch more Phase 2 trials in 2022 to further explore the benefits of psychedelics in mental health treatment.

Jill Ettinger is the co-founder and global editorial director for sustainable luxury and wellness platform, Ethos.

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After MindMed, Which Psychedelic Stock Will UPLIST to the Nasdaq Next?(Numinus? Cybin? Field Trip?)

After MindMed, Which Psychedelic Stock Will UPLIST to the Nasdaq Next?(Numinus? Cybin? Field Trip?)

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Who’s next in line to Uplist to the Nasdaq? Numinus? Cybin? FieldTrip? ALL of them??
Today, I’ll be covering an article by Jeff Neilson published on The Psychedelic Stock Watch. In this article, Jeff outlines several stocks as contenders for an uplisting.

* Cybin Inc (CAN:CYBN / US:CLXPF) : Cybin is also one of the more successful companies in raising capital, having raised ~CAD$88.8 million (US$70 million) since going public last November and as we have been repeating on this channel, capital is a very important factor for the successful continuation and advancement of clinical trials.

*Field Trip Health (CAN:FTRP / US:FTRPF) : Field Trip Health shares some similarities with Cybin as an uplisting prospect. It has raised even more capital than Cybin, in excess of US$100 million, including its recent CAD$95 million bought deal financing (US$76 million) and Field Trip has also a price target of CAD$8.50 price target from Stifel GMP to its February 2021 high of CAD$8.25.

*Numinus Wellness (CAN:NUMI / US:LKYSF) : Numinus Wellness actually has a stronger following among retail investors than either Cybin or Field Trip. It was second only to MindMed as the volume leader among psychedelic stocks in the 2020 rally. It was also the second-best performer among all of the leading stocks in that rally, generating a 10X return at its 2020 peak.

However, these are not the only psychedelic stocks to peak Jeff Neilson’s eye.
He also mentions:

Mind Cure Health (CAN:MCUR / US:MCURF)
Mydecine Innovations Group (CAN:MYCO / US:MYCOF)
Bright Minds Biosciences (CAN:DRUG / US:BMBIF)
Small Pharma Inc( it hasn’t even started public trading YET)

Timestamps:
0:00 – Intro
1:55 – Cybin ( CYBN / CXPF )
6:13 – Field Trip Health ( FTRP / FTRPF )
9:05 – Numinus Wellness ( NUMI / LKYSF )
11:35 – Mindcure Health
12:08 – Mydecine ( MYCO /MYCOF )
12:34 – Bright Minds Biosciences ( DRUG / BMBIF )
13:10 – Small Pharma Inc.

Link to the article in question: https://psychedelicstockwatch.com/psychedelic-stock-news/the-next-psychedelic-stock-to-uplist-on-the-nasdaq?fbclid=IwAR3CgezfqtNHk0U3_YX5LYHDU2Y34jEFSTdNVGVchsKgR4CdEj58Q-lYcwk
Link to Cybin (CYBN) : https://www.cybin.com/
Link to Canacord: https://thetradingpriest.com/wp-content/uploads/2021/04/ResearchReport-1.pdf
Link to Numinus (NUMI): https://numinus.ca/
Link to Field Trip ( FTRP / FTRPF) : https://www.fieldtriphealth.com/

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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

All of the information in this video is public information that James (The Psychedelic Investor) believes to be reliable but it is not guaranteed to be 100% accurate and as such should not be used as advice. Any opinions or thoughts from James (The Psychedelic Investor) are subject to change.

#MindMed #Cybin #Numi