Hedge Funds Eye Next Biopharma IPO

A slew of hedge funds filed plans to sell shares in one of this year’s IPO home runs.

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Illustration by II

Several hedge funds are gearing up for another biopharma IPO, hoping it will be as successful as a handful of others this year.

Carmot Therapeutics filed plans on November 17 to go public, according to a regulatory filing. It has not yet indicated the number of shares it plans to sell or the anticipated price range.

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