Magic Mushroom Drug-Backer Compass Pathways Files for U.S. IPO
Photographer: Daniel Berehulak/Getty Images
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Compass Pathways Plc., a U.K. startup backed by tech billionaire Peter Thiel and lead investor Christian Angermayer, has filed to go public about four years after it was founded to explore the use of a psychedelic compound found in so-called magic mushrooms for treating depression.
The London-based firm filed to raise $100 million, a placeholder amount likely to change, according to a filing Friday with the U.S. Securities and Exchange Commission. It intends to list its American depository shares on the Nasdaq Global Market under the symbol CMPS.