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Normality Reasserts Itself For Biotech IPOs

 
• By Elizabeth Cairns

The highs of the COVID-19 era, and the lows that supplanted it, are beginning to fade.    

Businessman presses button ipo Initial Public Offering diagram online network. - Image

It is too early to say that biotech IPOs are back. But the showing in the first quarter of this year is cheering: more flotations got away since the first quarter of 2022, according to Evaluate Pharma, and more money was raised since the period before that.

Key Takeaways
  • 10 biotechs floated on Western exchanges in Q1 2024
  • They raised a total of $1.4bn
  • They did so at an average premium of 5% to their preannounced...

But several of these groups have seen their share price slip since their debuts. While investors are certainly keen, the pressure is on for these newly public enterprises.

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