Zai Lab Limited (ZLAB) Announces Proposed $200M Share Offering

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Go back to Zai Lab Limited (ZLAB) Announces Proposed $200M Share Offering

Zai Lab Announces Proposed Public Offering of American Depositary Shares

November 13, 2024 4:12 PM EST

SHANGHAI & CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Zai Lab Limited (Zai Lab or the Company) (NASDAQ: ZLAB; HKEX: 9688), an innovative, commercial-stage biopharmaceutical company, today announced that it has commenced an underwritten public offering of $200.0 million of American depositary shares (ADSs), each representing ten ordinary shares of the Company with a par value of $0.000006 per share. All ADSs will be offered by Zai Lab. Zai Lab expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the ADSs sold in the public offering at the public offering price less underwriting discounts and... More