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WuXi Biologics' medical research unit eyes up to $471 million in Hong Kong IPO

The company, which is a joint venture between WuXi Biologics and WuXi STA that provides end-to-end contract services covering antibodies and other biologics intermediates, will issue 178.4 million shares priced at a maximum of HK$20.60 each, according to the company's regulatory filing. In July, parent WuXi Biologics revealed its intentions to spin-off Wuxi XDC and initiate a separate listing for the arm. Wuxi Biologics said the separate listing would enable the unit to serve as an independent platform that would continue to focus on the company's global contract research, development, and manufacturing organization businesses, highlighting the benefits of better allocation of capital and resources if the IPO goes through. ....

Hong Kong , Krishna Chandra Eluri , Roushni Nair , Shilpi Majumdar , China Headquartered Wuxi , Wuxi Biologics , Rashmi Aich , Hong Kong , Initial Public Offerings , Wuxi Sta ,

China's WuXi XDC eyes up to $471m in Hong Kong IPO

China-headquartered WuXi XDC intends to raise up to HK$3.68 billion in one of Hong Kong's top initial public offerings this year. ....

Hong Kong , China Headquartered Wuxi , Wuxi Biologics ,