Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

WuXi AppTec to List in Hong Kong

Published 11/29/2018, 12:10 AM
© Reuters.  WuXi AppTec is now planning another floatation in Hong Kong

Investing.com – Six months after issuing shares in Shanghai, drug research and development services company WuXi AppTec is now planning another floatation in Hong Kong.

WuXi AppTec (SS:603259) will offer 116.5 million shares at between HK$64.10 and HK$71.50 to raise as much as HKD8.33 billion ($1.06 billion). For the six months to June 30, Wuxi AppTec reported revenue of $187.6 million.

The company’s shares in Shanghai were trading up 0.96% to CNY81 on Thursday morning.

The shares are expected to list on Dec. 13. Morgan Stanley (NYSE:MS), Huatai Financial and Goldman Sachs (NYSE:GS) (Asia) are jointly sponsoring the IPO.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.