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HomeIPOTRex Bio, Inc.

About

TRex Bio, Inc.

TRex Bio, Inc. develops immunoregulatory biologics for autoimmune and inflammatory diseases in United States and Internationally.

The company operates the Deep Biology Platform, a drug discovery and design platform that integrates tissue-level insights into human biology and treg function to identify and characterize therapeutic targets, using computational mapping, which uses in silico tools and a human tissue bank and atlas of human treg gene expression to identify pathways in tissue immune regulation; the Treg Atlas, which recreates tissue states in tregs and reprograms blood-derived Tregs to recreate human tissue-specific pathways in vitro for target validation; and the Phenotypic Assay Cascade, a suite of high-throughput functional fingerprinting assays that test targets across donors and inflammatory contexts.

The company develops TRB-061 an investigational tumor necrosis factor receptor 2 (TNFR2) agonist and fragment crystallizable-fusion (Fc-fusion) protein designed to selectiv

TRex Bio, Inc. Overview

Ticker, listing venue and issuer profile

TickerTRXB
ExchangeNASDAQ
Statuslisted
SectorHealthcare
IndustryBiotechnology
CurrencyUSD
CIK Code2139097
CUSIP89531N100
ISINUS89531N1000

Offer & Key Dates

Pricing terms and IPO milestones

Price Range$14.00 - $16.00
Offer Price$14.00
Listing Price$13.50
Current Price$13.37
Vs IPO price-4.50%

Change from offer price to today

Shares Offered8.33M
Shares Outstanding26.92M
Offer Size$116.67M
Market Cap$369.91M
Filing Date--
Priced DateOct 09, 2026
Listed DateOct 09, 2026

Live Market Snapshot

Real-time price; headline % change is vs first trade (listing price)

$13.74-0.96% All time

USD · NASDAQ:NASDAQ:TRXB

Open$13.66
High$13.86
Low$13.10
Volume39,180
52W High$16.56
52W Low$13.10
Market Cap$377.10M
Enterprise Value--

Valuation & Multiples

Key valuation ratios and metrics

P / E--
P / Book--
P / Sales--
EV / EBITDA--
EPS--
Revenue / Share (TTM)--
Revenue$0.00
Net Income-$34.81M

Financial Health

Balance sheet strength and liquidity

Total Debt--
Total Assets--
Cash$15.19M
Free Cash Flow--
Current Ratio14.3
Quick Ratio--
Debt / Equity--
CapEx--

Financial Highlights

Historical financial performance

Historical Data

Market history and supplemental quote data

DateOpenHighLowCloseAdj. CloseChangeVolume
2026-10-30$13.66$13.86$13.10$13.74$13.74+0.0839,200
2026-10-29$14.15$14.31$13.42$13.52$13.52-0.6333,600
2026-10-28$13.94$14.49$13.36$14.43$14.43+0.4979,600
2026-10-27$14.00$14.14$13.69$13.79$13.79-0.2142,900
2026-10-26$13.80$14.64$13.56$13.87$13.87+0.0755,000
2026-10-23$15.39$15.50$13.51$13.81$13.81-1.5881,200
2026-10-22$15.45$16.21$15.00$15.50$15.50+0.0567,500
2026-10-21$14.59$16.56$14.10$15.24$15.24+0.6588,600
2026-10-20$14.80$15.01$14.22$14.44$14.44-0.3664,200
2026-10-19$14.28$15.40$13.94$14.80$14.80+0.52113,500
2026-10-16$14.17$14.40$13.55$14.01$14.01-0.1681,900
2026-10-15$13.50$14.35$13.50$14.16$14.16+0.6688,700
2026-10-14$13.41$14.05$13.21$13.50$13.50+0.09398,800
2026-10-13$13.95$14.08$13.47$13.60$13.60-0.35121,900
2026-10-12$14.19$14.36$13.75$14.03$14.03-0.16189,000
2026-10-09$13.50$15.50$13.50$14.00$14.00+0.501,257,000

SEC Filings

Official documents from SEC EDGAR

FormFiling DateDocument
SCHEDULE 13GOct 16, 2026Filing
SCHEDULE 13DOct 16, 2026Filing
SCHEDULE 13DOct 16, 2026Filing
SCHEDULE 13GOct 15, 2026Filing
8-KOct 13, 2026Current Report
S-8Oct 9, 2026Securities to be offered to employees in employee benefit plans
424B4Oct 9, 2026Prospectus
EFFECTOct 8, 2026Notice of Effectiveness
CERTOct 8, 2026Certification by an exchange approving securities for listing
8-A12BOct 6, 2026Registration of securities

Company Info

Contact and headquarters details

Websitehttps://trex.bio
HeadquartersUnited States
Founded2018
Employees60
Phone(650) 567-5582
Address269 East Grand Avenue, Suite 300South San Francisco, California 94080United States

Leadership

Key executives and officers

MJ

M. Johnston Erwin, Jr.

Chief Executive Officer and Chair

LB

Laura Berner

Chief Operating Officer

BH

Brandon Hants

Chief Financial Officer

AK

Ariella Kelman

Chief Medical Officer

AZ

Ali Zarrin

Chief Scientific Officer

CG

Carol G. Gallagher

Director and Lead Independent Director

AC

Alexandra Cantley

Director

TC

Travis Coy

Director

JG

Julie Gilmore

Director

PH

Peter Hirth

Director

TRex Bio, Inc. IPO - FAQs

The current price of TRXB is 13.74 USD — it has increased by 1.63% in the past 24 hours. Watch TRex Bio, Inc. stock price performance more closely on the chart.







Quick Facts

Exchange
NASDAQ
Ticker
TRXB
Deal Type
IPO
Offer Size
$116.67M
Market Cap
$369.91M
Shares Offered
8.33M

Company Info

Website
https://trex.bio
Headquarters
United States
Founded
2018
Employees
60
Phone
(650) 567-5582
Address
269 East Grand Avenue, Suite 300South San Francisco, California 94080United States
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TRex Bio, Inc.

TRex Bio, Inc.

TRXBNASDAQ
listed
$13.37-0.96% All time

USD · NASDAQ:TRXB

Issue Size

$116.67M

Price Range

$14.00 - $16.00

Shares

26.92M o/s · 8.33M offered

Listing Price

$13.50

Listing date

Oct 09, 2026

Sector

Healthcare