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Finance Watch: Lexeo Launches 20th US Biopharma IPO In 2023

Blue Owl Buys $1bn In Assets Managed By Cowen

 
• By Mandy Jackson

Public Company Edition: Lexeo raised $100m to advance its genetic medicines. Also, Blue Owl Capital acquired funds managed by Cowen Healthcare Investments, gaining about $1bn in life science assets, BMS priced $4.5bn in notes to fund its Mirati purchase and Viridian raised $185m in a private placement.

Finance Watch Public Company
• Source: Alamy

Lexeo Therapeutics Inc. became the 20th biopharma to launch an initial public offering in the US on 2 November when it sold 9.09 million shares at $11 each to gross $100m in its late-night public market debut. The proceeds will fund its development of genetic medicines to treat genetically defined cardiovascular diseases and APOE4-associated Alzheimer’s disease.

New York-based Lexeo is the first company to go public in the US in November, after Abivax SA was...

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