男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

WuXi AppTec raises $902.62 million in Shanghai IPO

By Zheng Yiran | China Daily | Updated: 2018-05-09 09:47
Share
Share - WeChat
[Photo/VCG]

China's leading global contract research outsource provider WuXi AppTec, successfully listed on the main board of the Shanghai Stock Exchange on Tuesday, marking the nation's first unicorn enterprise to get initial public offering approval on the A-share market.

WuXi AppTec raised 5.74 billion yuan ($902.62 million) in the IPO. The company plans to issue 104 million shares, taking up no less than 10 percent of its total share capital, and sell shares at 21.60 yuan each, it said in its prospectus to the Shanghai Stock Exchange. Its closing price was 31.10 yuan per share.

WuXi AppTec said it will use the proceeds in its expansion projects in Tianjin and Suzhou, Jiangsu province, and its research and development center at its operational headquarters in Shanghai.

The company launched its IPO on the A-share market in April, and took only 50 days to pass its review. Market insiders predict that WuXi AppTec's listing on the A-share market will hopefully see its market value exceed 100 billion yuan.

The company's fast IPO approval can be attributed to the A-share market's recent favorable policies to unicorns.

Liu Jingkun, an analyst at ChinaVenture Institute, said: "Ever since 2017, the China Securities Regulatory Commission has accelerated its process of IPO review ... and that policy environment is beneficial to WuXi AppTec."

Chen Qiaoshan, senior medical analyst at the internet consultancy Analysys, said: "From the privatization of US stocks to the three-for-one share split return to the domestic stock market, WuXi AppTec is adequately prepared, and is familiar with the listing process. This explains why it got IPO approval in such a short period of time.

"The WuXi AppTec IPO will be popular with investors because it is the leading company of a contract research organization, which includes CRO, contract manufacturing organization, and contract development and manufacturing organization. The company has a complete industrial chain.

"In addition, after the country levied no tariffs on imported cancer-fighting medicines, domestic drug enterprises will be forced to update their technologies. Therefore, the demand for R&D will increase, which is a great opportunity for CROs," she said.

The company also announced on its website that its sales revenue in the first quarter was 2.14 billion yuan, growing 21 percent year-on-year. Its net profit reached 291 million yuan, 14 percent lower than the same period of last year, due to increased financial expenses.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 昭通市| 温泉县| 日喀则市| 洞口县| 龙门县| 广丰县| 峡江县| 武平县| 碌曲县| 上饶县| 兴国县| 淮阳县| 绥滨县| 宜黄县| 青冈县| 梅河口市| 长泰县| 城口县| 灵川县| 莱州市| 科尔| 南开区| 兰考县| 六安市| 南平市| 平遥县| 红桥区| 资源县| 常熟市| 古交市| 离岛区| 麟游县| 普宁市| 安溪县| 宜川县| 辰溪县| 石台县| 望谟县| 临沭县| 连山| 突泉县|