IPO Update: Pace Of US Offerings Slows As 13 Biopharmas Go Public In 2019

With about three IPOs per month compared with a pace of nearly six per month in 2018, drug developers have raised $1.55bn with US offerings this year – though returns have been mixed.

Six IPOs had positive returns and one traded flat as of 1 May. • Source: Shutterstock

Only six of the 13 US initial public offerings in 2019 by biopharmaceutical companies have provided a positive return as of 1 May, which may be why the pace of IPOs has been cut almost in half compared with 2018, when 67 drug developers went public.

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