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Finance Watch: Ten IPOs In Three Days Raise $1.9bn

Several SPACs Also Have Gone Public Already This Year

 
• By Mandy Jackson

IPO Edition: Sana leads the group with a $587.5m initial public offering, while Immunocore and Bolt follow with $200m-plus IPOs. The 10 newly public companies generated a 43.3% average return on 8 Feb.

Finance Watch

Initial public offerings may have gotten off to a slow start with only three IPOs in January, but 10 drug developers went public in the US between 3 and 5 February raising a total of $1.9bn, including the high-profile cell therapy firm Sana Biotechnology, Inc., and more are slated to launch this week.

Thirteen biopharma companies have launched IPOs as of 5 February, while only six had launched first-time offerings by 5 February...

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