Betta rises after RMB720M Shenzhen listing

Betta Pharmaceuticals Co. Ltd. (SZSE:300558) raised about RMB720 million ($106.3 million) through the sale of 41 million shares at RMB17.57 in an IPO underwritten by CICC. The price valued Betta at RMB7 billion ($1 billion).

Betta shares gained RMB7.73 (44%) to RMB25.30 in its first day of trading on Monday, and added RMB2.53 (10%) to RMB27.83 on Tuesday...