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China's WuXi AppTec raises $1 billion in HK listing - sources

Reuters  |  HONG KONG 

By Julia FiorettiHONG KONG (Reuters) - Chinese medical tech platform WuXi AppTec raised $1.01 billion in its Hong Kong listing, sources said, valuing the company at $10.2 billion in a deal that marks one of this year's last big stock offerings in the Asian financial hub.Shanghai-listed WuXi priced its Hong Kong shares at HK$68 ($8.71) apiece, at the middle of an indicated range of HK$64.1-HK$71.5, the sources told Reuters on Friday.It could raise up to $1.16 billion if an over-allotment option is exercised within a month of the start of trading, which would value the company at $10.3 billion, ...

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First Published: Fri, December 07 2018. 11:14 IST
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