The biopharmaceutical initial public offering pace has picked back up in the US again with five new offerings so far in December, but all of the IPOs were launched by firms that raised relatively small amounts for a total of just $118m. By comparison, the average amount of IPO gross proceeds during the first three quarters of this year was $160.7m per company.
Finance Watch: Five More Small IPOs Squeeze Through The US Window
2021 First-Time Drug Developer Offerings Now Total 107
Public Company Edition: Genenta, Cingulate, ImmixBio, Bionomics and NeuroSense launched initial public offerings, grossing just $118m between them. But Amylyx, with a recently filed ALS drug, has filed to raise up to $100m. In follow-on offerings, Legend took advantage of ASH goodwill to raise $300m.
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