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Hengrui Set For Biggest Biopharma IPO So Far This Year

Hong Kong Listing To Raise Up To $1.27bn

 
• By Dexter Jie Yan

Jiangsu Hengrui Pharmaceuticals is gearing up for what will be 2025's biggest biopharma IPO so far, hoping to raise up to $1.27bn on the Hong Kong Stock Exchange. China's top drug maker by pipeline size plans to use part of the proceeds to reboot its overseas clinical trials ambitions.

IPO
Hengrui to gross up to $1.27bn from initial public offering in Hong Kong SAR • Source: Shutterstock: stavklem

Jiangsu Hengrui Pharmaceuticals, China’s top drug developer by size of pipeline, is set to stage the world’s biggest new share sale by a pharmaceutical company so far in 2025 by raising up to HKD9.89bn ($1.27bn) in gross proceeds from an initial public offering in Hong Kong SAR.

Key Takeaways
  • Hengrui will rake in up to $1.27bn by going public on the Hong Kong Stock Exchange.

The China-based drug maker, which listed on the Shanghai Stock Exchange in 2000, will sell a total of 224.5 million...

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