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Finance Watch: Silverback, Kinnate, Sigilon Launch December’s First IPOs

 
• By Mandy Jackson

Public Company Edition: Lixte’s small uplisting was the only biopharma initial public offering in the US during Thanksgiving week, but IPOs are ramping up again. Also, LifeSci launched its second SPAC and in follow-on offerings Reata brought in $281m and Intellia grossed $175m.

Finance Watch

Biopharmaceutical company initial public offerings appear to be getting back to their rapid 2020 pace with three IPOs launched in the US during the first week of December. Silverback Therapeutics, Inc. and Sigilon Therapeutics, Inc. went public on 3 December after Kinnate Biopharma, Inc. priced its first-time offering a day earlier. All three companies’ stock prices closed higher on their first days of trading.

Lixte Biotechnology Holdings, Inc. was the only drug developer to launch an IPO during the last week of November...

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