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IPO Update: August Had A Slow Start, But New US Filings Hint At Busy September

 
• By Mandy Jackson

There were only two biopharma IPOs in the US during August, bringing the year's total to 47. But with eight new filings in August, launches in September could rival July's total of nine first-time offerings, especially since this average return on this year's IPOs remains in positive territory.

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Biopharmaceutical companies launched only two initial public offerings in the US during August, but eight more drug developers entered the queue, setting up September to be another busy IPO month, rivaling July's nine offerings and June's 14.

Twenty-six of the 47 biopharma firms that went public in the first eight months of 2018 were trading in positive territory as of Aug. 31 and the average return was...

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