Finance Watch: No New IPOs, But Two Firms Take The SPAC Route

Only 20 Companies Have Launched Initial Offerings In 2022

Public Company Edition: NewAmsterdam grossed $328m in its SPAC merger, while Liminatus may raise up to $316m in a new SPAC deal. Also, Intellia and Iveric grossed $300m each in follow-on offerings, bluebird sold a PRV for $102m and MEI ends zandelisib development resulting in layoffs.

Finance Watch Public Company
• Source: Alamy

The pace of IPOs in 2022 is far below the record-breaking number of first-time offerings in 2021, with the last initial public offering in the US by a biopharmaceutical company completed by Acrivon Therapeutics, Inc. in mid-November, but drug developers continue to take an alternative route to the public market in the US by merging with special purpose acquisition corporations.

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