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IPO Update: What A Difference A (Pandemic) Year Makes

COVID-19 Paralyzed Market In Q1 2020 But Fortunes Reversed In 2021

 
• By Mandy Jackson

Just nine drug developers went public in the US during the first quarter of last year, but with the industry boosted by pandemic response, 32 biopharma companies launched IPOs in Q1 of this year.

IPO (Initial Public Offering) letters hanging from strings
32 biopharma companies went public in the US in Q1, raising $5.2bn and generating an 11% average return • Source: Shutterstock

The market for initial public offerings in the US was vastly different in the first quarter of 2020 than it was during the same period of 2021.

Uncertainty related to COVID-19 shut down global financial markets in Q1 of last year, bringing initial public offerings to a halt with just nine drug developer IPOs during the first three months of 2020

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