Founder, Chairman, and Chief Executive Officer, Alamar Biosciences
Appears in 1 story
Led company through IPO and first day of public trading
Alamar Biosciences raised $191 million in its initial public offering on April 17, 2026 (nearly double the $100 million it originally planned) after investor demand exceeded available shares by more than tenfold. Shares priced at $17, opened at $22.60, and closed at $22.00, a 29% first-day gain that gave the company a market capitalization of roughly $1.53 billion. The Fremont, California company develops technology that detects proteins in blood at concentrations so low that conventional tests miss them entirely, potentially catching diseases years earlier than current methods allow. CEO and founder Yuling Luo told Reuters the company plans to use the proceeds to expand into cancer, cardiology, and other major disease areas. The company reported $74.2 million in revenue for fiscal year 2025 (nearly triple the year prior), creating a baseline for investors to measure future commercial growth.
Updated May 31
No stories match your search
Try a different keyword
How would you like to describe your experience with the app today?
