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Stock impact report

U.S. IPO Week Ahead: Another Quiet Week For The IPO Market With 1 Biotech [Seeking Alpha]

WiMi Hologram Cloud Inc. - American Depositary Share (WIMI) 
Company Research Source: Seeking Alpha
SummaryORIC Pharmaceuticals, a Phase 1 biotech developing small molecule therapies for treatment resistant cancers, plans to raise $75 million at a $424 million market cap.As of 4/16/20, the Renaissance IPO Index was down 8.0% year-to-date, while the S&P 500 was down 13.3%.The Renaissance International IPO Index was down 8.0% year-to-date, while the ACWX was down 21.7%.One biotech IPO is scheduled for the week ahead, and pipeline activity indicates that a few more may be on the way.ORIC Pharmaceuticals (U.S. IPO CalendarIssuerDeal SizePrice RangeTop$75M$14 - $16JP MorganPhase 1 biotech developing small molecule therapies for treatment-resistant cancers.Three out of the four IPOs since the second week of March have been biotechs, the sole exception being Chinese AR software company WiMi Hologram Cloud (NASDAQ:WIMILTRNGrocery giant Albertsons Companies (ACIIn the week ahead, lock-up periods will expire for several companies. On Tuesday, 4/21: BRP Group (NASDAQ:AIHCABAPHATPGNYTFFPDAOHAPP Show less Read more
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