BioCentury
ARTICLE | Financial News

WuXi AppTec unchanged in first day of trading on Hong Kong exchange

December 14, 2018 7:41 PM UTC

Shares of WuXi AppTec Co. Ltd. (Shanghai:603259; HKSE:2359) were unchanged in the first day of trading in Hong Kong Dec. 13, closing at HK$68. WuXi AppTec priced the offering at HK$68, near the middle of its proposed range of HK$64.10-HK$71.50, selling 116.5 million shares. Based on a resulting total of 1.2 billion shares outstanding, including those listed in Shanghai, the Hong Kong offering price values the company at HK$79.2 billion ($10.1 billion).

The listing is the third for a unit of New WuXi Life Science Ltd. since a 2016 deal that took the parent company private...