WuXi AppTec IPOs in Shanghai Exchange
publication date: May 7, 2018
WuXi AppTec Co., Ltd. announced its initial public offering in Shanghai stock exchange for 104,198,600 shares of common stock at a price of $3.40 per share. WuXi’s stock price raised 43.98% to $4.89 almost immediately after the stock market opens. The fund collected through this IPO will be used to build drug safety assessment center in Suzhou, expand R&D facilities in Tianjin and WuXi’s headquarter, developing diagnostic projects as well as increasing cash. WuXi will use this IPO fund to further strengthen its capabilities and capacities to decrease drug innovation expenses and improve R&D efficiency. More details....
Stock Symbol: (SHEX: 603259)
Share this with colleagues:
To gain access to the members only content click here to subscribe.
You will be given immediate access to premium content on the site.