Public Offerings

Capital

Initial Public Equity Offerings (IPOs)

 The San Diego IPO market activity in 2019 achieved new heights in both the number of successful lPOs and the total money raised through these IPOs. In 2019, nearly $645 million was raised through nine IPOs.

INmune Bio Inc is a clinical-stage biotechnology company. It is engaged in the development of new immunotherapies that reprogram a patient’s innate immune system to allow the immune system to fight cancer.

Gossamer Bio is a clinical-stage biopharmaceutical company. It is focused on discovering, acquiring, developing and commercializing therapeutics in the disease areas of immunology, inflammation, and oncology.

International Land Alliance Inc is a residential land development company with target properties located in the Baja California, Norte region of Mexico. Its activities include purchasing properties, obtaining zoning and other entitlements required to subdivide the properties into residential and commercial building plots, securing financing for the purchase of the plots, improving the properties infrastructure and amenities, and selling the plots to homebuyers, retirees, investors, and commercial developers.

Guardion Health Sciences Inc is a specialty health sciences company formed to develop, formulate and distribute condition-specific medical foods with an initial medical food product. The company’s Lumega-Z, is a micronized lipid-base nutritional formulation designed to restore and maintain the condition of a depleted macular pigment. It has also developed GlaucoCetin, the first regulated vision-specific Medical Food designed to support and protect the mitochondrial function of optic nerve cells in patients with glaucoma.

Palomar Holdings Inc is a United States-based company focused on the provision of specialty property insurance primarily earthquake, wind, and flood insurance products. It provides specialty property insurance products in the target markets to both individuals and businesses through multiple channels, including retail agents, program administrators, wholesale brokers, and in partnership with other insurance companies. Its products include Residential Earthquake, Commercial Earthquake, Specialty Homeowners, Commercial All Risk, Hawaii Hurricane, Residential Flood, and others.

Turning Point Therapeutics Inc is a clinical-stage biopharmaceutical company involved in designing and developing molecule, targeted oncology therapies to address limitations of existing therapies. It owns a pipeline of next-generation tyrosine kinase inhibitors (TKIs) that targets genetic drivers of cancer in both TKI-naive and TKI-pretreated patients.

Developer of a home energy storage system designed to simplify the process of storing and consuming self-generated power. The company’s system provides 14.4 kWh storage capacity, 7.6 kW nominal output with lithium iron phosphate battery chemistry that helps in drawing more affordable electricity from the grid when demand and prices are low, to be used during peak pricing periods, enabling users to store power and enjoy the luxury and security of reliable electricity with home energy storage.

Exagen Diagnostics Inc is a commercial-stage diagnostics company committed to addressing the unmet need for the accurate diagnosis and monitoring of patients affected by autoimmune rheumatic diseases. It currently markets four products under its Avise brand to provide an accurate, timely and differential diagnosis and to optimize the treatment of ARDs. It processed approximately 9,300 patient specimens for its diagnostic product line, Avise SLE. It markets and sells solutions to community rheumatologists.

*Previous funding rounds and total amount raised cannot be verified

Silvergate Capital Corp is a provider of innovative financial infrastructure solutions and services. Its solutions and service offerings include Silvergate Exchange Network, Cash Management Solutions and Deposit Account Services. Its customers include U.S. exchanges and global investors in the digital currency industry. The company also provides financial services that include commercial banking, business lending, commercial and residential real estate lending, and mortgage warehouse lending.

Capital

Follow-on Public Equity Offerings

In 2019, four companies raised $178.13 million through follow-on public offerings. The largest follow-on public offering was raised by Kura Oncology for a total of $100.3 million.