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Finance Watch: Three Newly Public Companies Face Mixed Reception In Early Trading

Pyxis, Theseus And Cognition IPOs Raise $373.2m

 
• By Mandy Jackson

Also, two more health care-focused SPACs went public, Centessa obtained up to $300m in debt, three new venture capital funds launched and Intergalactic debuted with a $75m series A round.

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Pyxis Oncology, Theseus Pharmaceuticals, Inc. and Cognition Therapeutics, Inc. launched initial public offerings in the US between 6 and 8 October, raising $373.2m combined, but the first three companies to go public in the US this month had mixed stock price performance after their IPOs.

The post-offering fluctuations were not surprising given the share price performance of other biopharma firms that have gone public this...

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