BeiGene launches $650m ADS follow-on

Chinese biopharmaceutical company BeiGene is looking to raise about $650m from a follow-on offering of American Depository Shares (ADSs), according to a filing with the US regulator.

  • By Jonathan Breen
  • 17 Jan 2018

The Nasdaq-listed issuer is working with Cowen, Goldman Sachs, Leerink Partners and Morgan Stanley for the offering. The leads opened books for the trade after US markets closed on Tuesday. 

The deal has a base target size of $650m and a greenshoe of $50m. But the number of ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 China Merchants Securities Co 16.70
2 Industrial and Commercial Bank of China (ICBC) 14.38
3 CITIC Securities 10.44
4 Agricultural Bank of China (ABC) 9.08
5 China CITIC Bank Corp 8.17

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 16,522.26 78 7.56%
2 Morgan Stanley 14,142.34 66 6.47%
3 Citi 14,074.12 91 6.44%
4 UBS 12,377.19 76 5.66%
5 China International Capital Corp Ltd 10,849.77 43 4.96%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 22,634.80 196 7.44%
2 Citi 22,176.06 147 7.29%
3 JPMorgan 14,738.77 90 4.84%
4 Bank of America Merrill Lynch 12,958.17 82 4.26%
5 Goldman Sachs 11,835.27 58 3.89%

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