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WuXi AppTec Approved for $910 Million Shanghai IPO

publication date: Mar 28, 2018

WuXi AppTec announced a $910 million IPO on the Shanghai exchange for the company's core small-molecule CRO business. China regulators approved WuXi's prospectus in a short seven weeks, indicating that they are very eager to list the company, China's largest CRO, on a domestic exchange. Two years ago, WuXi AppTec de-listed from the New York Exchange in a $3.3 billion privatization led by Dr. Ge Li, the company's Founder and Chairman, and backed by Ally Bridge. WuXi is spinning off pieces of its CRO/CDMO empire, conducting IPOs for each, and already showing that the privatization will be very profitable for its investors. More details....

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