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WuXi AppTec Completes Hong Kong IPO; Finishes First Trading Session Unchanged

publication date: Dec 13, 2018

WuXi AppTec began trading on the Hong Kong Exchange following its $967 million IPO, finishing the first day of trading at the offer price. In May, the company completed a $354 million Shanghai IPO at a price that has now quadrupled after six months. From the start, WuXi planned to have a dual Shanghai-Hong Kong listing, following the low-priced Shanghai IPO with a higher priced Hong Kong offering. If the underwriters exercise their over-allotment option, the value of IPO will climb to over $1.1 billion. More details....

Stock Symbol: (SHA: 603259; HK: 2359)

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