The Drug Development IPO market enjoyed a strong year in 2018, with over $10.24B raised by 95 companies across 15 global exchanges. When compared to 2017, this marks a 28% increase in the frequency of IPOs and a 41% increase in the total amount of money raised. The results represent a significant surpassing of 2015, which was the best prior year on record.
2018 was the year of blockbuster drug development IPOs, with eleven companies raising over $200M each. Beigene’s IPO on the HKEX was the largest of the year, raising over $903M. The average IPO value for a drug development company increased to $109.82M in 2018.