The up to HK$2.38bn ($304m) deal has received a strong early response, a good sign for the growing pipeline of biotech issuers hoping to put a difficult 2018 behind them. CStone Pharma, a Suzhou oncology company, plans to raise $304 million in its Hong Kong IPO at a valuation of $1.5 billion.
Jonathan Breen reports.
CStone Pharmaceuticals, a cancer-focused Chinese biopharmaceutical developer with a number of PE and VC backers, has filed for an IPO in Hong Kong., Greater China, Healthcare, IPO, China, Hong Kong, Exit, Pharmaceuticals, GIC Private, Boyu Capital, Sequoia Capital, Hillhouse Capital Management Already a subscriber?
3SBio of Shenyang invested $15 million into … Suzhou CStone Pharma raised $285 million in an Hong Kong IPO that valued the oncology company at $1.5 billion.
CStone Pharmaceuticals will list Hong Kong’s first biotech IPO of 2019 next week, getting things moving with a deal that bankers said is a sign of a maturing market after 2018's rush of deals. All material subject to strictly enforced copyright laws.
Already a subscriber? Just 2.5 years old, CStone has built a portfolio of 14 oncology drugs through novel drug discovery and in-licensings.
CStone Pharmaceuticals has launched Hong Kong’s first biotechnology IPO of the year — and bankers are watching it closely.
All material subject to strictly enforced copyright laws. © 2020 GlobalCapital is part of the Euromoney Institutional Investor PLC group © 2020 GlobalCapital is part of the Euromoney Institutional Investor PLC group CStone Pharmaceuticals will list Hong Kong’s first biotech IPO of 2019 next week, getting things moving with a deal that bankers said is a sign of a maturing market after 2018's rush of deals.The issuer has picked up HK$2.24bn ($285.4m) from its float, pricing the deal at HK$12 a share after guiding investors to above the mid-point of the range, according to a source close to the deal. The up to HK$2.38bn ($304m) deal has … “Company” CStone Pharmaceuticals, an exempt company incorporated under the laws of the Cayman Islands with limited liability on December 2, 2015, whose Shares are listed on the Main Board of the Stock Exchange “Director(s)” the director(s) of the Company “Dr.
View real-time stock prices and stock quotes for a full financial overview. CSPHF | Complete CStone Pharmaceuticals stock news by MarketWatch. IPO FACT SHEET CStone Pharmaceuticals (2616 HK) ISSUE STATISTICS Offer Size: HK$2,068.99m –HK$2,385.87m Placement Tranche: 186.396m Price: HK$ 1.10–HK$12.80 Board lot: 500 Entry fee: HK$6,464.49 Historical PE N.A Net tangible asset per share: HK$4.19 – HK$4.52 Market Cap HK$(post-IPO): 10,923 m–HK$12,596 Open: 14 Feb 2019 CStone Pharmaceuticals has launched Hong Kong’s first biotechnology IPO of the year — and bankers are watching it closely.
The IPO was priced at the middle of the range, and the stock rose 7% in the first trading session.
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