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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) on 23 November, but Liminatus Pharma LLC said on 30 November that it will merger with Iris Acquisition Corp

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Bluebird, Private Equity Firms Look To Sweeten Buyout Deal

 
• By Alaric DeArment

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