China's Zai Lab jumps 55% on debut after $150m IPO
Zai Lab, a Chinese drug developer backed by several venture capital investors, gained 55% on its NASDAQ trading debut following a $150 million IPO.
The company sold 8.33 million American Depository Shares (ADS) at $18.00 apiece, while underwriters have the option to purchase a further 1.25 million shares by exercising the overallotment option, according...
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