Ligand acquired a 37% share in the biopharmaceutical company, which is set to float on Nasdaq, issuing three million shares priced at $8.00 each.

The SAP-backed IT infrastructure provider expects to float at a valuation of about $2.5bn, after raising more than $310m in venture funding.

The app development platform, backed by Accenture, Juniper Networks, Sapphire Ventures and Norwest Venture Partners, had raised more than $200m in VC funding.

The Novartis and Johnson & Johnson-backed immuno-oncology company's shares opened at almost double their initial public offering value last week.

Siemens-backed ViewRay has postponed a $64m initial public offering that would have been used to help commercialise its radiation therapy system.

China's parliament is set to bring in rules giving markets the ability to choose who floats and allowing foreign companies to list in the country.

Johnson & Johnson-backed Galapagos, already listed in Amsterdam and Brussels, has filed for an initial public offering in the US.

The e-commerce services company, in which Alibaba is the largest shareholder, will use the proceeds for sales and marketing, and to improve its warehousing and technology infrastructure.

Legend Holdings, the largest shareholder in computer maker Lenovo and the parent company of Legend Capital, is set to raise between $2bn and $3bn when it goes public.

The Hubert Burda-backed craft marketplace will float at the top of its range in an initial public offering that values it at roughly $1.8bn.