The protein-degrader developer priced 17,640,000 shares, up from the 14,700,000 in its preliminary prospectus, and was expected to start trading on Nasdaq as LYCA on 23 October 2026.
Provisions and expenses tied to what it called its fastest-ever originations growth pushed the student lender to a Q3 2026 loss; it now expects 2026 net charge-offs of $400m-$420m.
The New York lender blamed higher-for-longer interest rates; its Q3 2026 credit loss provision rose $58m from Q2, which it attributed mainly to higher rates, including on NYC rent-regulated loans.
The US heating, ventilation, air conditioning and electrical contractor reported Q3 2026 diluted EPS of $13.91, against $8.25 a year earlier, and operating cash flow of $1.01bn.
The ECB's September 2026 Consumer Expectations Survey also showed weaker growth expectations and a higher expected jobless rate, while three- and five-year inflation views held.
The PRA and FCA opened consultations on 22 October 2026 to slim the Senior Managers and Certification Regime, saying firms would save around £2bn over 10 years.
A UK review of private equity, credit and real estate managers, published 23 October 2026, found recurring weaknesses in cross-fund transfers, gifts and entertainment, and information barriers.
Revenue slipped to $990.5m. Online and Managed & Other Adjusted EBITDAR grew, and Boyd said Midwest & South grew after adjusting for a closure, a sale and higher property taxes.