Finance Watch: Apogee, Sagimet Launch First Big US IPOs Of The Summer
13 First-Time Offerings So Far In 2023
Executive Summary
Public Company Edition: Apogee grossed $300m and Sagimet raised $85m in the biggest initial public offerings in the US since Acelyrin’s $540m IPO in May. Also, Bausch entered into a $600m funding facility with KKR, Bicycle raised $200m in a FOPO and Caribou garnered $150m from an offering and Pfizer.
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Finance Watch: Mallinckrodt Bankruptcy Enables Debt, Opioid Pact Payouts
Public Company Edition: Mallinckrodt entered into a restructuring support agreement with most of its debt holders and will de-list. Also, Aprinoia no longer plans to go public in a SPAC merger and Novartis, Agenus and Aravive revealed job cuts.
Finance Watch: UroGen Accesses Cash After Phase III Bladder Cancer Success
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