San Diego Business Journal

Taking Stock of the IPO Route

Rising Markets Fail to Draw Many Local Newcomers into Public Arena By Sarah de Crescenzo Originally published June 19, 2017 at 3:42 p.m., updated June 19, 2017 at 3:42 p.m.
   

Tocagen Inc.

Raised

$97.8M

in April, the largest local IPO since

Otonomy’s debut in 2014 for $115 million

AnaptysBio Inc.

Raised

$75M

in January

IPO Volume (2017 to date)

Number of deals in San Diego: 2

Proceeds raised: $173 million

Median deal size: $86.5 million

Average return from IPO (as of closing June 13): 25.7 percent

Number of deals

nationwide to date: 64

IPO Volume (2016)

Number of deals in San Diego: 3

Proceeds raised: $154 million

Median deal size: $67 million

Average return from IPO (as of closing June 13): 15 percent

Number of deals nationwide: 105

— If past is precedent, 2017 appears to be a good year for local companies looking to raise more capital through an initial public offering...

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