Chinese Biotechs Raise $743m In Three March IPOs

RemeGen touched down in Shanghai to score a dual listing on top of a 2020 initial public offering in Hong Kong. Meanwhile, domestic HPV vaccine maker Recbio and small molecule-focused Shouyao made their debuts on the Hong Kong and Shanghai markets respectively.

The first biotech IPO on the Beijing Stock Exchange
combined $742.9m in gross proceeds closed out strong March for RemeGen, Recbio and Shouyao • Source: Alamy

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