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For a Look at IPO Future, Follow the Follow-On?

 
• By Amanda Micklus and Chris Morrison

Three recent IPOs have stoked hopes that a broader IPO market may emerge. The market for follow-on public offerings though says more about a potential IPO resurgence than these recent debuts.

Anyone who looks hard enough for signs of life in what has been biotech's worst public market since 2002 will likely find something. But now the something they find might be real.

It was hardly hard-core biotech, but in early August revenue-generating specialty pharma group Cumberland Pharmaceuticals Inc. raised $85 million...

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