On October 21, 2024, Septerna announced plans to issue 10.9 million shares of stocks at a price range of $15 to $17, raising $0.175 billion. Based on the proposed mid-range calculation, Septerna's fully diluted market cap would reach $0.626 billion. JP Morgan Chase, TD Cowen, Cantor Fitzgerald, and Wells Fargo & Co Securities are the joint bookrunners of this trade.