Junshi IPO on deck in Hong Kong as WuXi AppTec shares debut

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)...