Carlyle-backed Adicon trades up after $52m Hong Kong IPO
Adicon Holdings, a China-based independent clinical laboratory (ICL) services provider backed by The Carlyle Group, gained 12% on debut following a HKD 408.9m (USD 52.2m) Hong Kong IPO.
The company sold approximately 33.2m shares at HKD 12.32 apiece, according to a filing. The offering included 15.9m shares held by Feng Lin, who founded Adicon with Jixun Lin in 2004. No other shareholders...
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