A dry spell is broken

While it had begun to look as if not a single IPO or follow-on would get done this quarter, the spell was finally broken on Friday as Invitrogen (IVGN) raised $45 million in its IPO, following a $13 million follow-on by Aronex (ARNX) earlier in the week.

The last IPO was a £10 million ($17 million) EASDAQ flotation on Dec. 17 by Antisoma (EASD:ASOM), coincidentially on the same day as the last follow-on in which Anesta (NSTA) raised $59.5 million...