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China Biotech IPOs Remain In Deep Freeze, Hong Kong Fares Better

 
• By Dexter Jie Yan

Amid stricter regulatory reviews of applications for IPOs across all sectors, such offerings in biotech have been in hiatus on the Chinese mainland in 2024 to date. Meanwhile, three bioventures raised a combined $217.8m as they floated on the Hong Kong Stock Exchange in the first half.

IPO
China freeze on biopharma IPOs continues, although Hong Kong sees several floats • Source: Shutterstock

Initial public offerings (IPOs) for innovative, drug-focused biotechs have remained elusive in the Chinese mainland well into the second half of 2024, since the country’s top securities regulator put a lid on go-public procedures by applicants across all industry sectors in March.

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