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Two Chinese IPOs Kickstart A Hectic Biotech Fundraising Season

 
• By Dexter Jie Yan

Two IPOs and 12 venture capital and private equity deals in China raised a combined $1bn in a hectic few weeks of October.

fund raising
Chinese biotechs are keeping up the fundraising momentum • Source: Alamy

Shanghai-based Abbisko Therapeutics Co., Ltd. and Sichuan Huiyu Pharmaceutical Co., Ltd. have become the latest Chinese biopharmaceutical companies to go public, maintaining the strong fundraising momentum in the sector in the country.

Abbisko listed on the Hong Kong Stock Exchange on 13 October to raise HKD1.8bn ($225.6m) by selling 140.7 million new...

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