LianBio (LIAN) Prices 20.3M Share IPO at $16/sh

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Go back to LianBio (LIAN) Prices 20.3M Share IPO at $16/sh

LianBio Announces Pricing of Initial Public Offering

October 31, 2021 8:21 PM EDT

SHANGHAI, China and PRINCETON, N.J., Oct. 31, 2021 (GLOBE NEWSWIRE) -- LianBio, a biotechnology company dedicated to bringing innovative medicines to patients in China and other major Asian markets, today announced the pricing of its initial public offering of 20,312,500 American depositary shares (ADSs) at a public offering price of $16.00 per ADS, for gross proceeds of approximately $325.0 million, before deducting underwriting discounts and commissions and offering expenses. Each ADS represents one ordinary share of LianBio, and all of the ADSs are being offered by LianBio. In addition, LianBio has granted the underwriters a 30-day option to purchase up to 3,046,875... More