BioCentury
ARTICLE | Finance

Restarting the IPO engine

July 24, 2000 7:00 AM UTC

The industry priced $540.6 million of IPO paper last week, helped by the rebound in the sector and solid earnings from the big cap companies. While last month's proclamation of the mapping of the human genome may have helped, banker George Millstein of Pacific Growth Equities said, "the strong IPO market is related to the overall performance of the industry. A lot of stocks have rebounded from their lows, IPOs and follow-ons are performing very well and all of those contribute to a renewed interest in IPOs."

The performance is reflected in the BioCentury 100 index, which is up 63 percent to 3204.89 since its 2000 low of 1970.83 on April 17...