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BeiGene Prices US IPO at $24; Rises 19% in First Day

publication date: Feb 3, 2016
Showing strong demand, BeiGene, a Beijing clinical-stage novel drug company, raised $158.4 million in its US IPO. The company priced the offering at the top of the expected range -- $24 per share -- and increased its size from 5.5 million ADSs to 6.6 million. In its first day of trading, the company's stock rose $4.62 to $28.62, a 19% increase. The transaction is especially impressive in view of the early-2016 stock market turmoil, which prevented any companies from completing IPOs in the US during the month of January. More details....

Stock Symbol: (NSDQ: BGNE)

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