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United States securities and exchange commission logo
January 12, 2024
Zhengbin (Bing) Yao, Ph.D.
Chief Executive Officer
ArriVent Biopharma, Inc.
18 Campus Boulevard, Suite 100
Newtown Square, PA 19073
Re: ArriVent Biopharma,
Inc.
Registration
Statement on Form S-1
Filed January 5,
2024
File No. 333-276397
Dear Zhengbin (Bing) Yao:
We have reviewed your
registration statement and have the following comment.
Please respond to this letter by amending your registration
statement and providing the
requested information. If you do not believe a comment applies to your
facts and circumstances
or do not believe an amendment is appropriate, please tell us why in
your response.
After reviewing any amendment to your registration statement and
the information you
provide in response to this letter, we may have additional comments.
Form S-1 filed January 5, 2024
Management's Discussion and Analysis of Financial Condition and Results
of Operations
Determination of Fair Value of Our Common Stock, page 108
1. We note your response
to prior comment eight, as well as your disclosure related to
options granted on
January 1 and January 4, 2024 on page 108. Please revise this section
to discuss how the
estimated fair value per common share on grant date for these options
compare to the low end
and midpoint of estimated price range when available. Revise to
identify the extent to
which any incremental increase in value between the grant date and
the date of the filing
is due to specific and identifiable business activities or events.
We remind you that the company and its management are
responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments,
action or absence of
action by the staff.
Zhengbin (Bing) Yao, Ph.D.
ArriVent Biopharma, Inc.
January 12, 2024
Page 2
Refer to Rules 460 and 461 regarding requests for acceleration. Please
allow adequate
time for us to review any amendment prior to the requested effective date of
the registration
statement.
Please contact Li Xiao at 202-551-4391 or Kevin Vaughn at 202-551-3494
if you have
questions regarding comments on the financial statements and related matters.
Please contact
Chris Edwards at 202-551-6761 or Suzanne Hayes at 202-551-3675 with any other
questions.
Sincerely,
FirstName LastNameZhengbin (Bing) Yao, Ph.D.
Division of
Corporation Finance
Comapany NameArriVent Biopharma, Inc.
Office of Life
Sciences
January 12, 2024 Page 2
cc: John Rudy
FirstName LastName