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Finance Watch: IPOs Slow As The US Holiday Season Begins

Biopharma Valuations Also Impact New Offerings

 
• By Mandy Jackson

Public Company Edition: SVB Leerink predicts a rebound from an ongoing trough in biotech stock valuations during the second quarter of 2022. Also, Vaxxinity launched the third US IPO of November, bringing the year’s total to 102 and BridgeBio led recent financings with a $750m debt agreement. 

Finance Watch Public Company

Recent declines in biotechnology stock valuations suggest the industry has fallen into a trough, SVB Leerink said in a report on biopharmaceutical company capital formation, but the investment bank predicted that – based on past trends – valuations should emerge from the trough during the second quarter of 2022.

The 22 November report noted that biopharma valuations tend to follow a pattern of about four quarters of rising values followed by four quarters of declining values, and the industry...

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