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Eye-care company Bausch + Lomb and biotech PepGen kicked off their lives as public companies Friday.
The two companies opened during a slow time for new issues. Inflation, broad market volatility, and the war in Ukraine have caused IPOs to come to a near halt in 2022. Just 39 firms have gone public using traditional offerings as of May 6, raising $4 billion, according to Dealogic. This compares to 140 businesses, collecting $56.6 billion, for the same period in 2021.