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Henlius Prices Hong Kong IPO at the Bottom of the Range, Raising $410 Million

publication date: Sep 19, 2019

Shanghai Henlius Pharma raised $410 million in its Hong Kong IPO at a market cap of $2.9 billion, the low end of the range. The company is the majority-owned biologics subsidiary of Fosun Pharma. At the top end of the range, Henlius would have raised $477 million in its debut offering. Fosun and Henlius, a US company, formed the China biologics JV in 2010. In February, the company was approved for a China launch of a biosimilar to Roche's Rituxan, a lymphoma treatment. More details....

Stock Symbols: (HK: 2696) (SHA: 600196; HK: 2196)

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