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Finance Watch: One Week Of IPOs Total $818.2m

Relay, Berkeley Lights, ALX Oncology And Pandion Launched Last Week

 
• By Mandy Jackson

Relay raises $400m to kick off July’s second big week of US initial public offerings. Also, Ocumension and Immunotech launch Hong Kong IPOs, Amgen invests $421m in BeiGene’s $2.08bn offering, Cytokinetics gets up to $400m in deal and investment funding, and Imvax closes $111m series C round.

Finance Watch

Relay Therapeutics, Inc. had the third-largest biopharmaceutical initial public offering in the US in 2020 when it sold 20 million shares at $20 each to gross $400m. It was the first of four IPOs by drug developers on the Nasdaq during the week of July 13 to 17, followed by Berkeley Lights Inc., ALX Oncology, Inc. and Pandion Therapeutics, Inc. The four offerings raised a combined $818.2m.

In recent IPOs outside the US, two Chinese firms also launched significant first-time offerings this month. Ocumension Therapeutics, developing therapies for ophthalmic diseases, grossed HK$1.56bn ($200.3m) from the sale of 105.93 million shares at HK$14.66 each on the Hong Kong Stock Exchange (HKEX) on 10 July

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