Alamar Biosciences

ALMR

Market cap $1.69B

FREMONT, Calif., April 20, 2026 (GLOBE NEWSWIRE) -- Alamar Biosciences, Inc. (“Alamar”), a leader in Precision Proteomics dedicated to advancing the early detection of disease, today announced the closing of its upsized initial public offering of 12,937,500 shares of its common stock, which includes the exercise in full of the underwriters' option to purchase an additional 1,687,500 shares of common stock, at a public offering price of $17.00 per share, less underwriting discounts and commissions. The aggregate gross proceeds from the offering, before deducting underwriting discounts and commissions and estimated offering expenses payable by Alamar, were approximately $219.9 million. The shares began trading on the Nasdaq Global Select Market on April 17, 2026 under the ticker symbol “ALMR.”

SHANGHAI, April 20, 2026 /PRNewswire/ -- Alamar Biosciences, a portfolio company of Qiming Venture Partners and a global leader in precision proteomics, successfully listed on the NASDAQ Stock Exchange on April 17th, 2026, Beijing Time. Alamar (NASDAQ:ALMR) issued shares at a price of $17 per share and opened at $22.6 per share with a market capitalization of approximately $1.5 billion.

Alamar Biosciences surged 30% post-IPO, driven by enthusiasm for its precision proteomics technology targeting early disease detection. Alamar's revenue nearly tripled to $74M in 2025, with annualized sales multiples now around 12x; losses narrowed but remain substantial. Strong cash reserves and rapid topline growth offset concerns about ongoing losses and operating deleverage.