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Finance Watch: Summer Heat Extends To Biopharma IPOs With Nine In July, 45 This Year

 
• By Mandy Jackson

Public Company Edition: Nine more biopharma companies launched IPOs in the US in July, bringing the 2018 total to 45 first-time offerings – three more than in all of 2017. Bluebird's $632.5m offering leads recent follow-on public offerings.

Finance Watch

With 45 biopharmaceutical company initial public offerings in the US this year through the end of July, including nine IPOs that month, 2018 has already surpassed 2017, when 42 drug developers went public.

At this rate, the number of companies with first-time offerings this year – an average of 6.4 IPOs per month – could more than double the 2016 total of 30 biopharma IPOs. (Also see "IPOs In Review: Biopharma Offerings Bounced Back In 2017 As Returns Rose" - Scrip, 4 January, 2018

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