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IPO Update: Biopharma Stands Out Among Gloomy US Market

 
• By Mandy Jackson

While COVID-19 closed the window for most initial public offerings late in the first quarter, drug developers continue to launch IPOs, generating an average return of nearly 21% year-to-date.

Health care, led by biopharma, is the best-performing IPO sector in the US • Source: Shutterstock

The US market for initial public offerings after the COVID-19 pandemic closed the IPO window in mid-March is almost entirely a gloom-and-doom scenario. The one bright spot is the biopharmaceutical sector, where companies continue to go public and generate significant returns for investors.

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