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IPO Update: Will Declining Returns Slow Fast Pace Of Biopharma Offerings?

 
• By Mandy Jackson

Offerings by Homology, Unum and Genprex at the end of March brought the first quarter's biopharma IPO total to 14 in the US, putting 2018 on track to beat the 2017 total of 42. But with the average return for this year's IPOs dropping, the pace of offerings could slow.

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The 14 biopharmaceutical companies that have gone public so far this year in the US provided an average return of 18.6% at the end of the first quarter, dropping from an average return of 52.8% just a few weeks ago when only 10 drug developers had launched initial public offerings.

Scrip's last look at IPOs noted that returns from first-time offerings far outpaced broader stock indices as of March 9,...

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