PE-backed BeiGene gains 18% on debut after $158m IPO
BeiGene, a Chinese cancer drug developer backed by Hillhouse Capital and CITIC Private Equity, closed up 18% on its first day of trading on NASDAQ following a $158.4 million IPO.
The company sold 6.6 million American Depository Shares (ADS) at $24.00 apiece in its offering, having originally planned to sell 5.5 million shares at $22.00-24.00. The stock opened at $28.97 and peaked...
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