ARTICLE | Financial News
First-day gain for CStone on Hong Kong exchange
February 26, 2019 3:01 PM UTC
CStone Pharmaceuticals Co. Ltd. (HKSE:2616) rose HK$0.86 to HK$12.86 in its first day of trading Tuesday after raising HK$2.2 billion ($285 million) in its IPO. The oncology company priced the offering early Monday near the middle of its proposed range (see "CStone Raises $285M in Hong Kong IPO").
CStone's shares traded as high as HK$14.50 intraday. At close, CStone's market cap was nearly HK$12.7 billion ($1.6 billion)...
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