2:58 PM
 | 
Sep 21, 2018
 |  BioCentury  |  Finance

Funding WuXi’s expansion

Hong Kong stock listing could fuel WuXi AppTec’s continued growth

WuXi AppTec Co. Ltd. (Shanghai:603259) is showing no signs of slowing down. The company is the largest R&D services platform in Asia, and a planned dual listing in Hong Kong that could bring in as much as $1 billion should help fund its continued expansion.

Less than five months after listing in Shanghai, WuXi AppTec has proposed to list on the Hong Kong Stock Exchange in an offering underwritten by Morgan Stanley Asia, Huatai Financial Holdings (Hong Kong) and Goldman Sachs (Asia).

WuXi AppTec plans to raise $500 million to $1 billion in...

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