Billion dollar listing to inject new life into China biotech market

20 September 2018

A possible $1 billion initial public offering on the Hong Kong Stock Exchange could give the lie to rumors that the spate of bullish biotech listings in China is about to end.

Biotech behemoth WuXi AppTec (SHA: 603259) outlined plans on Tuesday to list in Hong Kong, just five months after its Shanghai offering raised a similar sum.

The plan has been on the table for several months, with the new shares expected to account for 10%-15% of the newly-enlarged company.

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