It’s Been a Bad Year for IPOs — But Hedge Funds Are Betting on These New Offerings

Three hedge funds were major investors in a biopharma company that recently went public.

Amir Hamja/Bloomberg

Amir Hamja/Bloomberg

The IPO market as a whole is about to close out its worst year since 2009.

Just 71 new issues have been priced so far this year, a figure that’s down 82 percent from the previous year’s 397, which was the most since the dot-com years, according to Renaissance Capital.

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