Innovent Biologics Raises $421 Million in Hong Kong IPO
This article is for subscribers only.
Innovent Biologics Inc., a Chinese biotech firm backed by Temasek Holdings Pte, raised HK$3.3 billion ($421 million) after pricing its Hong Kong initial public offering near the top of a marketed range, people with knowledge of that matter said.
The Suzhou-based company priced it sale of 236.35 million shares at HK$13.98 apiece, the people said, asking not to be identified because the information is private. The shares were marketed at HK$12.50 to HK$14 each.