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Finance Watch: Biopharma IPO Queue Grows As Market Conditions Improve

Verrica, IGM Reveal Restructuring Plans

 
• By Mandy Jackson

Public Company Edition: Septerna, Apimeds, CAMP4 and Upstream filed paperwork with the SEC aiming to take advantage of renewed investor interest in IPOs. Also, Biohaven closed a $287.5m offering and Grifols subsidiary GigaGen obtained up to $135m from BARDA.

Finance Watch Public Company
• Source: Alamy

The market for initial public offerings in the US heated up in September with five biopharmaceutical companies launching IPOs, the second busiest month for first-time offerings in 2024 after there were six in February. The September surge brought the year’s total to 20 biopharma IPOs, and it seemed to encourage more companies to enter the queue, since four firms filed paperwork with the US Securities and Exchange Commission (SEC) between 18 September and 2 October in support of future offerings.

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