Junshi aims to list on Shanghai's new innovation board

Four months after its Hong Kong IPO, Junshi is looking to access a broader band of investors through a listing on the Shanghai stock exchange’s new science and technology innovation board.

Junshi Biosciences Co. Ltd. (NEEQ:833330; HKSE:1877) said in a regulatory filing this week that compared with its listing on the National Equities Exchange and Quotations OTC exchange in Beijing, the Shanghai exchange offers a more established market with wider recognition. It also said that shares listed in Shanghai have more liquidity and may obtain a higher valuation compared with its Beijing-listed shares...