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Viva Biotech Completes $194 Million Hong Kong IPO; Trades Higher

publication date: May 10, 2019

Viva Biotech, a Shanghai CRO, raised $194 million in its Hong Kong IPO, and then traded higher in public trading, ending the week with a 14% gain. Viva is a structure-based, integrated drug discovery CRO that offers an Equity for Service model to selected clients. The IPO attracted the heaviest investor interest of any of the first eight Hong Kong pre-revenue biotech IPOs, which caused the underwriters to send more shares to local investors and fewer to international buyers. The IPO priced at the top of the expected range. More details....

Stock Symbol: (HK: 1873)

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