HONG KONG: Chinese biotech startup Shanghai Junshi Biosciences Co Ltd soared more than 22% in its Hong Kong debut yesterday after raising US$394mil in its initial public offering (IPO), a rare strong showing by a biotech company in the Asian financial hub.
Shares of Junshi Biosciences opened at HK$23.50 (US$3) and closed at HK$23.7, about 22% above the IPO price of HK$19.38.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
