Life Sciences Funding in View & 2024 Outlook

2023 Global IPO Activity

IPO Activity by Region

APAC Europe North America

$30

$25

$14.6

$20

$16.6

$15

$0.2

$13.6

$Billions

$9.2 $0.7 $1.5

$0.6 $1.7

$10

$6.4

$8.7

$8.1 $0.2

$6.1

$5

$5.0

$3.2

$4.1 $0.2

$3.8

$1.7 $0.2 $2.6

$2.6 $0.4

$2.5 $0.0

$3.2

$0.6

$0

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

Source: PitchBook Data, Inc.; *Data has not been reviewed by PitchBook analysts

6 / CUSHMAN & WAKEFIELD

LIFE SCIENCES JANUARY 2024