The seven biopharmaceutical firms that priced initial public offerings in the US in September brought the year-to-date total to 54 drug developer IPOs, showing that despite a decline in the average return, investors remain interested in new offerings.
The biopharma US IPO class of 2018 has an average return versus their initial offering prices of 13.6% as of Oct. 1 (see table below). That's a more than 3% drop from a month earlier, when the 47 drug developers that went public in the first eight months of this year had an average return of 16.9%, as of Aug. 31
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