Antengene expects a HK IPO to fund major assets

20 November 2020

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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