EQT-backed LBX hits trading cap on Shanghai debut
Laobaixing Pharmacy Chain (LBX Pharmacy), a Chinese retail pharmacy chain backed by EQT Partners, closed up 44% on its price on the first day of trading in Shanghai.
LBX raised RMB1.01 billion ($163 million) through its IPO, selling 67 million new shares at RMB16.41 apiece, according to a filing. The stock opened at RMB23.63 on April 23 and was soon temporarily suspended...
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