Top banks for US biopharma IPOs
I recently did an analysis of biopharma VC and IPO activity in 1H 2019, and one thing I looked at was which investment banks were involved in the most biotech IPOs. Thought I'd share the data here as it seems relevant.
For background, the biotech IPO market has been very active since 2013. In the last 18 months, there have been 68 VC-backed biopharma IPOs raising $50M or more on NASDAQ or NYSE. This represents 25% of all US IPOs.
These IPOs have generated $547M in fees for underwriters in the last 18 months. The average IPO generated $8M in fees.
The banks that generated the most fees from these IPOs are:
1. Goldman: $84M fees, 22 IPOs, 15 left-lead
2. JPM: $78M fees, 20 IPOs, 14 left-lead
3. Cowen: $54M fees, 24 IPOs, 2 left-lead
4. SVB Leerink: $50M fees, 21 IPOs, 2 left-lead
5. Jefferies: $50M fees, 23 IPOs, 12 left-lead
6. BofA Merrill Lynch: $45M fees, 16 IPOs, 9 left-lead
7. MS: $44M fees, 13 IPOs, 10 left-lead
8. Citi: $19M fees, 8 IPOs, 3 left-lead
9. Evercore: $19M fees, 10 IPOs, 0 left-lead
10. Piper Jaffray: $14M fees, 9 IPOs, 0 left-lead
Hey biotech212121, I swear if I had a silver banana for every lonely thread I posted too I'd be richer than @compbanker ...
I hope those threads give you a bit more insight.
Hi there, I am wondering if you have any new updates regarding this list? Going in for Piper Sanlder HC and want to know sort of where the firm stands in the biotech world nowadays.
Natus nam recusandae dolorum laboriosam dolores omnis. Magnam qui sapiente nihil. Sed dolore facere iure reprehenderit nobis voluptas sint. Ad atque ex ducimus voluptas. Quia ut velit qui voluptates est accusamus. Sunt sint praesentium consectetur sequi.
Excepturi adipisci itaque quod sequi. Libero voluptatem ut incidunt aliquid aut quasi est. Numquam ea voluptatem vel eius neque corrupti eos.
Tempore distinctio doloribus quia aliquid adipisci iste quia. Odio illo consequatur eos voluptatem. Earum aut non aut. Ea a aut accusantium voluptatem magni velit. Dignissimos nobis a eum sit ipsa et vel.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...