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BioWorld - Monday, March 8, 2021
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Home » Jacobio launches $174M IPO in Hong Kong, advances SHP2 programs
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Jacobio launches $174M IPO in Hong Kong, advances SHP2 programs

Dec. 21, 2020
By Elise Mak
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Shares in Chinese drug developer Jacobio Pharmaceuticals Group Co. Ltd. (HK:1167) rose 3% on their first day of trading in Hong Kong. The company, which develops small-molecule drug candidates to modulate enzymes by binding to their allosteric sites, raised HK$1.35 billion (US$174.1 million) in its IPO, pricing 96 million shares at HK$14. Shares closed at HK$14.42 on Dec. 21 after rising as high as HK$16.50.
BioWorld Financings Public Initial public offering IPO Asia-Pacific China

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