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2017 IPOs In Review: US Biopharma Offerings Rise, Values Decline At Mid-Year

 
• By Mandy Jackson

Nineteen biopharma firms went public in the US during the first half of 2017, but as the number of IPOs increased, the average return on first-time offerings decreased, raising a key question: can this pace of first-time offerings continue in the second half?

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As more biopharmaceutical companies have joined the US stock market via initial public offerings in the first half of 2017, the average IPO return has gone down, but that doesn't seem to have slowed the momentum of new offerings, which at 19 put this year on track to beat 2016's total of 30 IPOs.

Market observers said at the start of this year that they expected to see fewer drug developers launch IPOs in 2017 than during the past few years (see sidebar), but...

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