Antengene expects a HK IPO to fund major assets
By Wang Fangqing
Celgene-backed Chinese biotech Antengene had an initial public offering (IPO) in Hong Kong’s HKEX today (November 20). The Shanghai-based clinical -stage biotech, which develops small molecules and antibodies, raised HK$ 2.63 billion ($400 million) to speed up its further development.
The amount is slightly higher than the expected HK$2.46 billion.
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