WuXi Biologics Readies For Hong Kong IPO

As predicted by Scrip last July, WuXi AppTec has moved one step closer to spinning out its biologics unit through an IPO on the Hong Kong equity market, while its main business unit is also proceeding with plans for a China domestic relisting.

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Following the completion of its privatization at the end of 2015 after delisting from the New York Stock Exchange, WuXi has officially kicked off a new round of capital-raising operation. On Jan. 4, Hong Kong Exchange and Clearing published an application proof, post-hearing information pack and related materials from WuXi Biologics, a subsidiary of WuXi AppTec Inc., for an initial public offering in Hong Kong.

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