More biopharmaceutical companies have gone public in the US during 2021 than in 2020, breaking the record set last year with a quarter left to go, but the momentum may slow in the fourth quarter now that returns generated by this year’s crop of newly public firms has turned negative. The 88 companies that went public through the third quarter of this year delivered a 4% loss, on average as of 4 October.
IPO Update: Average Return Turns Negative For Newly Public Biopharma Firms
Number Of IPOs Tops 2020 Total With A Quarter Left In 2021
With 88 initial public offerings in the US through the end of the third quarter of 2021, the biopharma industry is two IPOs ahead of the full-year 2020 total, but with an average return of -4% momentum may slow.
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