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WuXi AppTec lists H shares on Hong Kong Stock Exchange


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WuXi AppTec lists H shares on Hong Kong Stock Exchange

WuXi AppTec Co. Ltd. said it listed about 116 million H shares on the Hong Kong Stock Exchange.

H shares refer to shares of Chinese companies which are listed in Hong Kong or another country.

For its Hong Kong IPO, WuXi AppTec priced shares at HK$68 apiece, for net proceeds of about HK$7.55 billion, excluding the overallotment option.

The Hong Kong IPO will be used to enhance its capability and capacity worldwide, the company said. WuXi AppTec is also listed on the Shanghai Stock Exchange.

WuXi AppTec offers solutions to help shorten discovery and development time and lower costs of drug and medical device research and development.