11:41 AM
Dec 14, 2018
 |  BC Week In Review  |  Financial News  |  Completed Offerings

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

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.

A predecessor of the WuXi parent company traded on the New York Stock Exchange until December 2015, when an...

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