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  • Jonathan Poyer

The First IPOs of 2024 Come Through Raising over $600M. And Both Traded Up After the News!!!!




This week, the market saw two IPOs and over $600M in capital raised. CG Oncology and ArriVent BioPharma are the first two Biotech IPOs of 2024. CG Oncology raised $437M and ArriVent $175M.


What might be the best news??? Both traded up! GCON up ~100% and AVBP up ~20%.



Week Ending January 26th, 2024


  • Biotech: 9 Transactions (2 IPOs, 3 Follow-Ons, and 4 PIPEs) totaling just under $2 Billion

  • Med Tech: No Current Week Transactions


2024 YTD:


  • 27 Biotech transactions totaling just under $5 Billion v. 2023 YTD: 10 Biotech transaction totaling just over $1 Billion

  • 1 Med Tech transaction totaling $50 Million v. 2023 YTD: 2 Med Tech transactions totaling just over $200 Million


Private Transactions:


  • Biotech: 15 US Transactions / 10 European Transactions

  • Med Tech: 12 US Transactions / 5 European Transaction


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