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Stock impact report

Biotech IPO Hopefuls Ready Burst of Debuts After Rough Stretch [Yahoo! Finance]

Alumis Inc. (ALMS) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg How Air Conditioning Took Over the American Office Hong Kong's Arts Hub Turns to Selling Land to Stay Afloat The Outsized Cost of Expanding US Roads Drug developers that have raised more than $10 million in US initial public offerings this year have largely faltered with six of the 11 firms diving below their debut prices and the median decliner trading 45% below the offer price, data compiled by Bloomberg show. The likes of BioAge Labs Inc. and MBX Biosciences Inc. will seek to buck that trend with industry bankers and lawyers saying the market's reaction to the next batch will signal whether others can get through the door this year or at the start of 2025. “A stable or uptick in the stock of the four that will launch in September would have a tailwind effect,” for the companies that could debut this year or wait till 2025, said Seo Salimi, co-head of the equity capital markets practice at law firm Paul Hastings LLP. For Bicara Therapeutics In Show less Read more
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