PE-backed Antengene trades flat after $359m HK IPO
Antengene, a China-based drug developer that previously raised $238 million across three private funding rounds, closed roughly flat on its first day of trading in Hong Kong following a HK$2.78 billion ($359 million) IPO.
The company sold 154.1 million shares for HK$18.08 apiece, the top end of the indicative range, according to a filing. Ten cornerstone investors, including Fidelity, GIC Private, BlackRock, Boyu Capital,...
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