WuXi AppTec cruis­es to­ward a steady de­but in Hong Kong stock ex­change, end­ing flat on IPO price

Com­plet­ing a grand plan for a dual list­ing in Shang­hai and Hong Kong in the span of sev­en months, WuXi AppTec has de­buted on the HKEX, end­ing the day at its orig­i­nal IPO price.

Net pro­ceeds will reg­is­ter at $967 mil­lion (HK $7,553 mil­lion), the com­pa­ny said in a state­ment, as­sum­ing the over-al­lot­ment op­tion is not ex­er­cised. The pro­ceeds em­anate from the sale of some 116 mil­lion shares for $8.71 (HK$68) a pop, in an IPO that, (ac­cord­ing to Reuters) val­ues the CRO pow­er­house at $10.2 bil­lion.

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