Published on
Monday, August 6, 2012
Compared to the Class of 2011, IPO companies this year
look better out of the starting blocks. Deals completed this year are up a
median of 3%, with five of 11 trading below their offering prices. The class of
2011 is down 3% since going public. Of the 19 companies in the 2011, 10 are
below their offering prices. The performance differential is more apparent when
adjusted for the performance of the BioCentury 100 Index. For 2012 IPOs, the
adjusted performance from IPO to Aug. 3 is an increase of 5% vs. a 32% decline
for the 2011 class.
Additionally, the three-month performance after going
public is higher for the 2012