Celltrion Healthcare overnight block fetches $356m

A private equity investor sold down its stake in South Korea’s Celltrion Healthcare on Tuesday evening to raise W401.3bn ($356.4m), with the shares so highly coveted that all orders had to be reined in aggressively.

  • By John Loh
  • 19 Sep 2018

One Equity Partners launched the overnight share sale through sole bookrunner UBS. The vendor offered 4.4m secondary shares in Celltrion, a biosimilar and biopharmaceuticals wholesaler.

The shares were marketed at between W90,100 and W92,100 each, for a discount of 6.9% to 9.0% to the last close of W99,000. ...

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