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ARTICLE | Financial News

3SBio raises HK$4.4B in Hong Kong IPO

June 11, 2015 1:21 AM UTC

3SBio Inc. (HKSE:1530) raised HK$4.4 billion ($569.2 million) through the sale of 484.9 million shares at HK$9.10 in an IPO on the Hong Kong Stock Exchange. The price values the company at HK$22.1 billion ($2.8 billion). Morgan Stanley; Goldman Sachs; CITIC Securities International; CICC; and China Merchants Securities were underwriters.

Trading of 3SBio shares is expected to begin Thursday. ...