PE-backed WuXi AppTec targets Hong Kong listing
Wuxi AppTec, a contract pharmaceutical R&D services provider backed by several private equity investors, has filed for a Hong Kong listing less than four months after listing in Shanghai. The size and pricing of the IPO have yet to be decided, but the company is reportedly looking to raise $1 billion.
WuXi AppTec was established in 2000 by a team of four working out of a single laboratory. It gained traction on the back of increased interest among multinational pharmaceutical companies in outsourcing...
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