Finance Watch: 2021 Now Has More IPOs Than 2020, But With $3.2bn Less

US Total Reaches 87 Compared To Last Year’s 86

17 Sep 2021

Public Company Edition: It took 256 days for 2021 to surpass the 2020 record of 86 biopharma initial public offerings in the US in one year. Also, Procaps raised $115m ahead of its SPAC merger and aTyr and bluebird raised $75m each.

The number of US initial public offerings by biopharmaceutical companies in 2021 reached 87 on 14 September when DICE Therapeutics, Inc., Tyra Biosciences, Inc. and Pasithea Therapeutics Corp. went public, breaking the prior record set in 2020 when 86 firms launched IPOs.

However, this year’s crop of newly public companies raised $13.8bn, which is $3.2bn less than the $17bn raised in last year’s first-time offerings. Even excluding the outlier $2bn IPO launched...

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