ARTICLE | Financial News
Junshi IPO on deck in Hong Kong as WuXi AppTec shares debut
December 13, 2018 5:47 PM UTC
Shares of WuXi AppTec Co. Ltd. (Shanghai:603259; HKSE:2359) were unchanged in their first day of trading in Hong Kong Thursday, closing at HK$68. The biopharma R&D services and manufacturing company raised HK$7.9 billion ($1 billion) through the sale of 116.5 million shares in the offering (see "WuXi AppTec Prices Hong Kong Offering in Stormy Market").
Based on a resulting total of 1.2 billion shares outstanding, including those listed in Shanghai, the Hong Kong offering price valued the company at HK$79.2 billion ($10.1 billion)...
BCIQ Target Profiles