Finance Watch: Cargo Restructuring Not The News The IPO Market Needs
First-Time Offerings Stalled At Five So Far In US
Public Company Edition: Cargo suspended development and cut 90% of its workforce to focus on strategic alternatives, while Pyxis and Kiromic laid off or furloughed employees. Also, Pfizer sold its remaining Haleon shares for $3.3bn, Galderma sold $1bn in bonds and other financings.
