RemeGen to close IPO early, JW Therapeutics prices

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By Jonathan Breen
30 Oct 2020

Chinese biopharmaceutical firm RemeGen will close the international orderbook for its Hong Kong IPO early as the deal is already many times covered, according to a source close to the listing.

RemeGen began bookbuilding on Tuesday with sponsors Huatai Financial, JP Morgan and Morgan Stanley, aiming to raise up to HK$3.99bn ($514.7m) from its listing of 76.5m primary shares.

By Thursday, the bookrunners had the deal multiple times subscribed, on the back of demand from long-only funds and anchor ...

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