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Aslan Pharma Completes Auction Phase of $30 Million Taiwan IPO

publication date: May 16, 2017
Aslan Pharma of Singapore completed the competitive auction part of its Taiwan IPO, selling 10.4 million shares at a weighted average bid of NT$68.92 ($2.29). The company will now start a five-day public subscription offering of 2.6 million additional shares at the average price, indicating Aslan's IPO will raise $30 million. Aslan has also announced that, in conjunction with the IPO, it has opened a new office in Taiwan that will support its growing business in Taiwan and Asia. The company's shares will begin trading on the Taipei Exchange on the first day of June. More details....

Stock Symbol: (TT: 6497)

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