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Clover, Chengda IPOs Add To $1.2bn Raised By Chinese Bioventures

 
• By Dexter Jie Yan

The listings of two vaccine manufacturers and fundraisings by seven other biopharma ventures generate around $1.2bn in new financing for Chinese companies focusing on a broad variety of therapeutic areas and indicating continued investor interest. 

fund raising
Chinese biotechs keep tapping into domestic capital market • Source: Alamy

Chengdu-based Clover Biopharmaceuticals, Inc., a leading COVID-19 vaccine developer in China, listed in an initial public offering on the Hong Kong Stock Exchange on 5 November, grossing HKD2.0bn ($257.5m) after selling 150 million new shares at HKD13.38 each.

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