July IPOs raise over $700M

Six biotechs raised $739.1 million in IPOs in July, with Apogee Therapeutics Inc. (NASDAQ:APGE) accounting for nearly half the total with its $345.1 million haul. 

In July of 2022, seven companies raised $664.7 million, but only one offering was on NASDAQ, raising less than $7 million. Five of the seven were on Asian markets. Last month, however, four of the six were on NASDAQ, a sign that the IPO window for biotech’s flagship exchange could be starting to open...