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Finance Watch: Two Biopharma IPOs Bring US Total To 17

Dianthus Raises $72m As It Closes Reverse Merger

 
• By Mandy Jackson

Public Company Edition: Neumora grossed $250m and RayzeBio raised $311m in the first initial public offerings since early August. Also, ImmunityBio completes $470m in equity and debt financings, Bausch + Lomb sells $1.4bn worth of notes and Arbutus is among firms making cuts to conserve cash.

Finance Watch Public Company
• Source: Alamy

After a month and a half initial public offering drought, two biopharmaceutical companies – Neumora Therapeutics, Inc. and RayzeBio, Inc. – launched IPOs in the US and grossed $561m combined on 14 September, in two of the largest first-time offerings this year.

Neumora sold 14.7 million shares at $17 each to gross $250m, which was in the middle of a proposed $16...

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