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Finance Watch: Expect A Busy First Half For 2020 IPOs

 
• By Mandy Jackson

Public Company Edition: At the J.P. Morgan Healthcare Conference and Biotech Showcase it was noted that the US IPO market is likely to be less active in the second half of the year as election risk chills investment. Also, Apellis leads recent follow-on offerings.

Finance Watch

Launching an initial public offering can be risky in an election year, but considering the generally strong performance of biopharmaceutical companies that went public in 2019, the consensus at the recent J.P. Morgan Healthcare Conference and concurrent Biotech Showcase in San Francisco was that the first half of 2020 will be busy for drug developer IPOs before slowing in the second half due to uncertainty over the US presidential election results.

SVB Leerink’s Gabriel Cavazos, managing director in the firm’s investment banking group, said during a 15 January Biotech Showcase panel discussion about large venture capital rounds and IPOs that “2019...

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