WuXi AppTec prices in the middle amid market swings

WuXi AppTec priced its IPO at the mid-point of the range to raise HK$7.92bn ($1.01bn), despite the deal being oversubscribed at the upper end of guidance, according to a source close to the listing.

  • By Christie Ou
  • 07 Dec 2018

The firm had gone out with an initial guidance of HK$64.10 to HK$71.50 during bookbuilding, before sealing the transaction at HK$68 apiece. It sold 116.47m shares in the base offer through sponsors Goldman Sachs, Huatai Financial and Morgan Stanley.

Although the deal was multiple times oversubscribed at HK$70 ...

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