Amryt entrepreneur Cathal Friel aims to do an IPO every year

‘This is only the start,’ the Donegal businessman says of the four initial public offerings in which he has already had an involvement

Cathal Friel, chairman and co-founder, Amryt Pharma and Poolbeg Pharma: fundraising for Poolbeg Pharma was much easier, because investors had had success with Amryt. Picture: Fergal Phillips

Cathal Friel, the serial entrepreneur who founded Amryt Pharma, has said he would like to do one initial public offering (IPO) every year. The Donegal businessman has already been involved in four IPOs: Fastnet Oil & Gas, Amryt Pharma, Open Orphan (renamed Hvivo), and Poolbeg Pharma.

Last week, Amryt, which is listed on the Nasdaq, was sold for up to $1.48 billion (€1.4 billion) to the Italian company Chiesi Farmaceutici. Friel, who said he had ...