Henlius Biotech IPO Raises Below-Target $410m

Shares of China’s Shanghai Henlius Biotech will debut on the Hong Kong stock exchange later this week after the company collected $410m in an IPO that was priced at the bottom end of the targeted range.

IPO
Shanghai Henlius Biotech’s IPO has raised $410m • Source: Shutterstock

Shanghai Henlius Biotech, a subsidiary of billionaire Guo Guangchang’s Fosun group, will make its trading debut this week on the Hong Kong stock exchange after raising $410m in an initial public offering that marked the first sizeable offering to test investor appetite since the eruption of the city’s ongoing street protests.

Henlius, which developed the first “made-in-China” biosimilar to be approved by China, focuses on creating follow-on versions of blockbuster biologics...

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