As global IPO market sputters, San Diego companies see another strong quarter
(WorldNews Business)

Companies around the world are steering clear of the public markets so far this year, with first-time stock offerings down for the second quarter in a row. But San Diego appears to be bucking the trend, with local companies posting another strong quarter when it comes to initial public offerings. Three San Diego companies went public in the second quarter, including health care players Turning Point Therapeutics and Guardion Health Sciences, as well as insurance company Palomar Holdings. Turning Point, a cancer drug maker, led the pack, raising $191 million. Palomar raised $97 million, while Gaurdion brought in the smallest chunk at...