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Genor Completes $371 Million Hong Kong IPO; Market Cap Reaches $1.8 Billion

publication date: Oct 7, 2020

Genor Biopharma of Shanghai raised $371 million in its Hong Kong IPO, pricing the offering at the top of the range. In early trading, Genor rose 22%, giving the company a market capitalization of $1.8 billion. Founded in 2007, Genor has a portfolio of 15 mAbs and recombinant fusion proteins, comprising novel drugs and biosimilars that target indications in cancer, metabolic and autoimmune diseases. Hillhouse, which led a $160 million Series B financing in Genor earlier this year, owns 30% of the company's shares post-IPO. More details....

Stock Symbol: (HK: 6998)

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