Can a $1B IPO attract leery investors on HKEX? WuXi AppTec is set to find out
An intrepid WuXi AppTec is sticking to its reported initial ambition as it moves closer to a $1 billion listing in Hong Kong that will bankroll a number of initiatives for its expansive global operation.
The CRO powerhouse, which reaped $354 million from a Shanghai IPO back in May, is hoping to raise between $954 million and $1.06 billion, Reuters reported on Wednesday. The asking price in Hong Kong is expected to be between $8.19 and $9.13 per share for 116.47 million shares, a roughly 21% to 29% discount to its current share price.
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