CITIC PE-backed 3SBio IPO raises $711m in Hong Kong IPO
CITIC Private Equity has made a partial exit from Chinese biotech player 3SBio as the company raised HK$5.51 billion ($711 million), two years after leaving NASDAQ in a take-private deal.
A total of 606.1 million shares were sold at HK$9.10 apiece, the top end of the indicative range. This included 121.2 million shares owned by CITIC PE, according to a filing. The private equity firm has...
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