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BeiGene To Become First Tri-Listed Biotech Amid Offer Price Concerns

 
• By Dexter Jie Yan

Nasdaq, Hong Kong and soon Shanghai, major Chinese firm BeiGene will be listed on three stock markets globally. But the high offer price of its imminent debut on China's STAR Market has raised concern among some investments and involved the use of a rare mechanism in the country.

Stock Exchange STAR Market
BeiGene's Shanghai IPO price draws investor concerns in China. • Source: Alamy

Following its imminent listing on the Shanghai Stock Exchange's STAR Market, major Chinese biotech BeiGene, Ltd. will trade on three exchanges, but Chinese retail investors have raised some concerns over the pricing of the latest offering.

The Beijing-based firm is looking to sell its new shares at CNY192.60 ($30.20) each, the second-highest price for any biotech since the STAR Market started trading in June 2019

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