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Finance Watch: 2024 Has Now Beaten 2023’s Total Of 21 IPOs

Upstream Bio, CAMP4 Bring 2024 US Biopharma IPO Total To 22

 
• By Mandy Jackson

Public Company Edition: Upstream grossed $255m and CAMP4 raised $75m in October’s first initial public offerings. In follow-on offerings, Crinetics and Scholar Rock brought in $500m and $300m, respectively. Also, Turnstone cut 60% of its workforce and Gritstone filed for bankruptcy.

Finance Watch Public Company
• Source: Alamy

The number of biopharmaceutical companies that have gone public in the US in 2024 has now beat the 2023 total of 21 with the 10 October initial public offerings by Upstream Bio Inc. and CAMP4 Therapeutics Corporation. This year is tied with 2022 when 22 companies launched IPOs, falling from a record of 107 first-time offerings in 2021.

Upstream Bio grossed $255m from the sale of 15 million shares at $17 each, pricing its offering at the upper...

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