2017 saw a total of 73 Drug Development IPOs across 15 global exchanges, compared to 58 IPOs in 2016. In total approximately $6.4B was raised, 1% up on 2016. The results are disappointing in the light of the fact that Global IPOs for all sectors experienced a significant upswing in 2017 ($141B, up 33% versus 2016). As a result of the increase in the number of companies debuting, there was a significant 19.7% reduction of the average deal size. This contrasts with the overall Global IPO market where the average deal size increased by 11.5%.
Evolution’s Global Therapeutic IPO Tracker has been updated with all drug development IPOs from 2012 until the end of 2017. In the last six years a total of 404 drug development companies have raised over $32.4B, with an average IPO value of $80.3M. Analysis performed using Evolution’s fully interactive data visualisation highlights several key trends influencing investment into drug development companies, such as the continued rise of biologics, NASDAQ dominance and the impact of clinical trials progress.