4 Firms Set To Launch Biotech IPOs That Could Raise $185M

By Tom Zanki (April 29, 2016, 8:42 PM EDT) -- Four firms will guide initial public offerings estimated to net $185 million during the first week of May — all from life sciences companies — testing whether the market's recent momentum is strong enough to carry into a new month.

The IPOs are entering a market that was more receptive in April than any of the prior three months. Eight companies completed IPOs raising $2.5 billion, according to data from Dealogic, compared with eight IPOs during the entire first quarter.

"The general markets are continuing to improve," Cooley LLP partner Charlie Kim said. "But things are still choppy. We are all...

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