IPO Market Returns To Growth Mode As Booming Biotechs Lead The Charge

▤ Summary

And now there is a strong pipeline of companies itching to go public, which could last through the fall, according to Jeff Thomas, senior vice president at Nasdaq. However, biotech and other health care companies have taken the lead over the past year, as the amount being invested in this sector continues to grow. The Royalty Pharma IPO surpassed the $1.93 billion raised by Warner Music Group (WMG) on June 2, which had been the largest this year. Many states are reporting new spikes in Covid-19 cases, which could lead to a return to some business closures and possibly tank the stock market. Other candidates include Snowflake, a cloud-based data warehousing startup and Stripe, an online payment processing platform.

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