$470 million Hong Kong listing for ADC-focused CDMO

9 November 2023

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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