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Finance Watch: No New IPOs, But Two Firms Take The SPAC Route

Only 20 Companies Have Launched Initial Offerings In 2022

 
• By Mandy Jackson

Public Company Edition: NewAmsterdam grossed $328m in its SPAC merger, while Liminatus may raise up to $316m in a new SPAC deal. Also, Intellia and Iveric grossed $300m each in follow-on offerings, bluebird sold a PRV for $102m and MEI ends zandelisib development resulting in layoffs.

Finance Watch Public Company
• Source: Alamy

The pace of IPOs in 2022 is far below the record-breaking number of first-time offerings in 2021, with the last initial public offering in the US by a biopharmaceutical company completed by Acrivon Therapeutics, Inc. in mid-November, but drug developers continue to take an alternative route to the public market in the US by merging with special purpose acquisition corporations.

The most recently completed biopharma SPAC deal was NewAmsterdam Pharma BV’s merger with Frazier Life Sciences Acquisition Corporation (FLAC)...

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Finance Watch: OrbiMed’s New $1.86bn Fund Offers Financial Alternatives In Tough Market

 
• By Mandy Jackson

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Finance Watch: Just As The XBI Began Turnaround, Trump Upped MFN Pricing Threats

 
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More from Business

Japan Results Roundup: Reduced Forex Impact, Uncertain US Tariff Outlook

 
• By Lisa Takagi

Most major Japanese firms report generally positive fiscal first quarter results, led by mainstay growth and despite lower currency effects. But the future impact of any US pharma tariffs remains an overhang.

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