Post-IPO Debt Funded Startups
Among the 50 post-IPO debt rounds shown (most recent 2022-10-27 to oldest 2022-09-26), the largest disclosed amount is ArcelorMittal’s $2.2B on 2022-10-11.
Among the 50 post-IPO debt rounds shown (most recent 2022-10-27 to oldest 2022-09-26), the largest disclosed amount is ArcelorMittal’s $2.2B on 2022-10-11. That figure dwarfs the rest of the disclosed rounds: the next-highest disclosed amounts cluster at $1.8B (Toronto Dominion Bank Group, 2022-10-06), $2.0B (Carnival Corporation, 2022-10-18), $750M (Hydro One, 2022-10-24) and $741M (Thermo Fisher Scientific, 2022-10-14), while many other entries sit far lower (for example, Awakn Life Sciences at $570K on 2022-10-25; see also Christina Lake Cannabis at $110K on 2022-10-19).
The dates form a tight late-October window: 1–2 rounds appear on several days, but the densest stretch runs roughly 2022-10-19 to 2022-10-25 (e.g., EnQuest and Insmed each at $500M on 2022-10-26/19, and multiple $100M–$365M deals in the 10/21–10/25 band). Sector concentration is visible as well: energy and biotechnology each appear 3+ times (Energy examples include EnQuest at $500M on 2022-10-26 and Hydro One at $750M on 2022-10-24; Biotechnology examples include Insmed at $500M on 2022-10-19 and Verona Pharma at $150M on 2022-10-17). There is one “undisclosed” amount entry (Think Research on 2022-09-26), with the smallest disclosed round at $10M (BerGenBio, 2022-10-25).
Most recent rounds
50 shownRelated listings
Frequently asked
Which recent post-IPO debt round is the clear size outlier, and how does it compare to the rest of the disclosed deals?
ArcelorMittal’s $2.2B on 2022-10-11 is the largest disclosed amount in the list, and it is far above the next tier of disclosed rounds such as Toronto Dominion Bank Group’s $1.8B (2022-10-06) and Carnival Corporation’s $2.0B (2022-10-18), with many other entries below the $750M–$741M range (e.g., Hydro One $750M on 2022-10-24; Thermo Fisher Scientific $741M on 2022-10-14).
Are there tight temporal clusters in this segment, or are rounds evenly distributed across the date range?
The rounds are concentrated in a narrow late-September to late-October band (oldest shown 2022-09-26; most recent 2022-10-27), with visibly heavier activity from about 2022-10-19 through 2022-10-25. Examples include Insmed at $500M (2022-10-19), Tricida at $125M (2022-10-19), and multiple deals from 2022-10-25 such as Awakn Life Sciences at $570K, Aya Gold & Silver at $100M, and Beijer Group at $90M.
Which sectors appear most often in these post-IPO debt rounds?
Energy and biotechnology are the most recurrent sectors visible with 3+ appearances. Energy examples include EnQuest ($500M on 2022-10-26) and Hydro One ($750M on 2022-10-24) as well as Semtech ($300M on 2022-10-07) and BWX Technologies ($250M on 2022-10-14). Biotechnology examples include Insmed ($500M on 2022-10-19), Verona Pharma ($150M on 2022-10-17), and Replimune Group ($200M on 2022-10-10).
How should “small” rounds be interpreted here—what is the smallest disclosed amount versus the very large deals?
The smallest disclosed amount in the rows shown is BerGenBio’s $10M on 2022-10-25, but several rounds sit far below the larger “bank/bond-scale” figures (for instance, Awakn Life Sciences at $570K on 2022-10-25 and Christina Lake Cannabis at $110K on 2022-10-19). In contrast, the biggest disclosed entries jump into the billions such as ArcelorMittal at $2.2B (2022-10-11) and Toronto Dominion Bank Group at $1.8B (2022-10-06).
Are there notable outliers due to undisclosed terms or extremely low disclosed amounts?
Yes. Think Research shows an “undisclosed” amount on 2022-09-26, which behaves differently from the rest of the disclosed-size distribution. Among disclosed amounts, extremely low outliers include Awakn Life Sciences at $570K (2022-10-25) and Christina Lake Cannabis at $110K (2022-10-19), compared with multi-hundred-million rounds like TangerOutlets at $325M (2022-10-17) and $700M-scale deals such as Dollarama ($700M on 2022-10-04) and Hipgnosis Songs Fund ($700M on 2022-10-03).
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