Ascletis first to file biotech IPO under new HK regime

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By John Loh
08 May 2018

China's Ascletis Pharma has emerged as the first biotechnology firm to test the waters of Hong Kong’s new listing regime, after filing a draft prospectus on Monday.

Morgan Stanley is left lead on the IPO and a sponsor alongside China Merchants Securities and Goldman Sachs. The filing comes a week after the Hong Kong bourse amended its rules to allow listings of pre-revenue biotech companies, as well as allowing weighted voting rights.

The issuer ...

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