The only IPO to price last week was the oncology-focused biotech Keros Therapeutics
Despite last week's positive IPO debut, many hopeful companies are still afraid of the coronavirus-induced stock market bear and lack of investor optimism. For the past few sessions, the stocks have maintained a relative balance, but many analysts still think its too soon to tell if the market has bottomed yet.
Nevertheless, Renaissance IPO ETF
With that in mind, here are some likely IPOs for the first half of 2020, given the coronavirus market circumstances:
Ayala Pharmaceuticals
The pharmaceutical maker filed to raise a $50 million IPO on the Nasdaq in early March. The company focuses on treatments for rare and aggressive cancers. The IPO is underwritten by Citigroup
Lyra Therapeutics
The biotech has also filed to raise an estimated $58 million IPO in early March. The company is a Phase 2 biotech that focuses on ear, nose, and throat diseases. The IPO is underwritten by Bank of America
NLS Pharmaceuticals
This drug company filed to raise a $40 million IPO in late February. The company focuses on treatments for narcolepsy and ADHD. Maxim Group LLC is the underwriter for the potential stock.
Oric Pharmaceuticals
The pharmaceutical company filed to raise a $100 million IPO in early March, making it one of the larger recent IPOs. The company focuses on cancer treatments and is underwritten by Citigroup and JPMorgan