DATA GRAPHICS | Data Byte
IPOs take August off
Three companies priced IPOs in August, raising $31.7M
September 8, 2023 7:51 PM UTC
Only three biotech companies priced IPOs in August, raising a mere $31.7 million combined. While late summer often sees a slowdown, August 2022’s 3 IPOs brought in $96.7 million. 2020 and 2021 each saw 13 IPOs raise well over $1 billion.
The top performer was Korean tools company Curiox BioSystems Co. Ltd. (KOSDAQ:445680), which gained 33% on its first day and has continued upwards since, more than quadrupling its market value. ...