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Finance Watch: Ten IPOs In One Week Bring 2021 Total To 80

Latest First-Time Offerings Bring In $1.2bn

 
• By Mandy Jackson

Public Company Edition: This year is just six initial public offerings away from matching 2020’s record-breaking total of 86 biopharma IPOs in the US. Also, Idorsia raised $662.5m through the sale of convertible bonds and Cytokinetics closed a $316.3m follow-on offering. 

Finance Watch Public Company

Ten biopharmaceutical companies launched initial public offerings in the US during the last week of July, raising $1.2bn combined, bringing last month’s total to 18 IPOs. Added to the 62 first-time offerings during the first half of 2021, 80 drug developer have gone public so far this year, which means the industry is just six IPOs away from matching the record-breaking 2020 total of 86 IPOs.

The week of 26 to 30 July was a marked improvement from the prior week when just two of five...

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