$470 million Hong Kong listing for ADC-focused CDMO
WuXi XDC has published a prospectus for its upcoming initial public offering (IPO), detailing plans to raise $470 million with a listing on the Hong Kong Stock Exchange.
Shares in the newly-independent company will begin trading from November 17.
The antibody drug conjugate (ADC) specialist was formed through a joint venture between Chinese contract research, development and manufacturing organization (CDMO) WuXi Biologics (HK: 2269) and WuXi STA, which is part of WuXi AppTec.
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