Finance Watch: Certain Offerings Find Their Way To Investors In Tough Market
Some FOPOs Launch, While A Few SPAC Deals Crash
Executive Summary
Public Company Edition: The stock market has been unkind to biotech firms but investors rewarded some drug developers for clinical trial successes, including Scholar Rock and Day One, which raised $205m and $172.5m, respectively. However, some SPAC deals and an IPO never got off the ground.
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