5 record breaking biotech IPOs

Moderna set a record with a $621 million IPO in 2018.

Sana Biotechnology raised $588 million, the largest IPO for a preclinical biotech in 2021.

Kenvue's IPO in 2023 netted $4.24 billion, the largest since 2018.

In 2021, over 120 biotech companies went public, raising more than $20 billion.