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Q1 IPOs Rise From Q4, But Unstable Markets Could Slow New Offerings

 
• By Mandy Jackson

There were six biopharma initial public offerings on Western stock exchanges, including five in the US, during the first quarter, but plunging stock values could halt further IPOs.

Choppy stock performance could make further biopharma IPOs difficult in 2025 (Shutterstock)

There were six initial public offerings by biopharmaceutical companies on Western stock exchanges during the first quarter of 2025, up from four in the fourth quarter of 2024, but all of the IPOs occurred in January and February – perhaps a sign that stock market turmoil in March and in the early days of April are halting new first-time offerings.

Five of the six IPOs launched so far in 2025 occurred in the US, with one company listing on the...

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