SK Bioscience, the vaccine specialist arm of South Korean conglomerate SK Group, plans to raise as much as KRW1.5tn ($1.35bn) from an initial public offering on the main Kospi market in March, in another milestone biopharma IPO in the country and the second major such offering by the group’s biopharma affiliates following that for SK Biopharmaceuticals Co., Ltd last year.
SK Bioscience Readies $1.3bn IPO Amid Rosy Vaccine Outlook
Expects Continued Rise In COVID-19 Vaccine Demand
Vaccine specialist SK Bioscience is set to launch potentially South Korea’s biggest biopharma IPO next month on the back of a growing premium vaccine business, new opportunities in COVID-19 vaccines and its contract manufacturing operations.
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