Junshi becomes first dual-listed biopharma firm after $692m STAR IPO

Junshi becomes first dual-listed biopharma firm after $692m STAR IPO

Source: Volodymyr Hryshchenko/Unsplash

Junshi Biosciences has become the first Chinese biopharmaceutical company to float shares on both the mainland and Hong Kong stock exchanges, after the company raised nearly 4.84 billion yuan ($692 million) in an initial public offering (IPO) on Shanghai’s Nasdaq-style STAR Market on Wednesday.