Can Editas, BeiGene Offerings Redeem US IPO Class Of 2015?
This article was originally published in Scrip
US initial public offerings by biotechnology companies in 2015 dried up in November, but since Editas Medicine Inc. and BeiGene Ltd. had strong offerings to kick off February, does that mean that dozens of drug developers will be able to go public again in 2016?
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Relay raises $400m to kick off July’s second big week of US initial public offerings. Also, Ocumension and Immunotech launch Hong Kong IPOs, Amgen invests $421m in BeiGene’s $2.08bn offering, Cytokinetics gets up to $400m in deal and investment funding, and Imvax closes $111m series C round.
Highlights from the past year's financings include BeiGene's $800m follow-on offering in the US and $903m Hong Kong IPO, Moderna's $560m Series G round and $604m IPO, and Allogene's $300m Series A and $373m IPO.
Not every drug developer can go public, but biopharma IPOs are launching in multiple markets, including Moderna's prospective $500m US offering and Innovent's $421m Hong Kong IPO. Also, Sarepta prices a $500m FOPO and Omeros sells $210m in notes.