We are pleased to announce WuXi AppTec’s listing of approximately 116 million H-shares on the Main Board of the Hong Kong Stock Exchange. Based on the offer price of HK$68 per share, the net proceeds to be received by the Company are about HK$7,553 million (assuming the Over-allotment Option is not exercised). The Hong Kong IPO will be used to enhance the Company’s capability and capacity worldwide. This could include acquiring CROs and CDMO/CMOs, developing cutting-edge technologies, fostering a healthcare ecosystem, boosting working capital, and repaying bank loans.
The listing also marks a significant milestone in WuXi AppTec’s efforts to strengthen its open-access enabling capability and technology platform – including harnessing data and technologies – to enable scientists, entrepreneurs, doctors, and patients to participate in innovation. This networked healthcare ecosystem is vital for expediting the development of pharmaceutical and healthcare products to treat patients globally.