When To Hold ’Em: Post-IPO, VCs Keep Their Cards

As biopharma IPOs show real signs of life, venture backers could reach exits they’ve been waiting on for years. Only a handful of investors with significant stakes have participated in multiple IPOs since the start of 2012.

As biopharma IPOs show real signs of life, venture backers could reach exits they’ve been waiting on for years. In fact, there are only a handful of investors with significant stakes that have participated in multiple IPOs since the start of 2012.

Four investors have backed three or more biopharma companies in US debuts since the start of 2012: The mutual fund...

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