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Ascletis Completes $400 Million IPO; Valuation is $2 Billion

publication date: Aug 1, 2018

Ascletis Pharma (HK: 1672) of Hangzhou completed a $400 million IPO on the Hong Kong exchange at a $2 billion capitalization. The company priced the offering at the mid-point of the proposed range and closed its first day of trading at the IPO price. Ascletis has developed a dual drug all-oral treatment for hepatitis C virus. The first of the two drugs will be launched in China next month. Yesterday, Ascletis said its NDA filing for the second candidate was accepted in China and will be reviewed under fast-track rules. More details....

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