3SBio (1530)

3SBio (1530)

Postby winston » Tue Jun 02, 2015 6:29 am

not vested

In other action, 3SBio, China's second largest biotechnological medicine producer by sales in 2013, has been oversubscribed by 2.7 times.

The company opened its retail book yesterday, receiving HK$2.08 billion worth of margin orders from eight brokerages.

The Shenyang-based firm is seeking up to HK$5.52 billion through its Hong Kong float, after delisting from the Nasdaq two years ago.

It will price the SHARES between HK$8.30 to HK$9.10, representing an entry fee of HK$4,595.85 for a board lot of 500 shares.

3SBio plans to use 45 percent of net proceeds to acquire medical products, 15 percent to strengthen marketing, 15 percent to improve production capacity, 15 percent on research and development and the rest on working capital. TRADINGwill begin on June 11.

Source: The Standard HK
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Re: 3SBio IPO

Postby winston » Tue Jun 02, 2015 9:07 am

Mainland biotech firm 3SBio has been approved by the local bourse to seek HK$5.50 billion.

The shares will be priced at between HK$8.30 and HK$9.10.

Singaporean sovereign wealth fund GIC and US-based BlackRock have subscribed US$40 million and US$30 million worth of 3SBio shares, respectively.

Source: The Standard HK
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Re: 3SBio IPO (1530)

Postby winston » Thu Jun 04, 2015 6:43 am

Applied

3S Bio is set to end bookbuilding today and announce its offer price after its retail tranche was 30 times oversubscribed.

The mainland biotechnology firm received HK$17.41 billion worth of margin orders from eight brokerages.

Its SHARES will be sold between HK$8.30 to HK$9.10 and will debut on June 11.

Source: The Standard HK
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Re: 3SBio IPO (1530)

Postby winston » Fri Jun 05, 2015 8:49 pm

Applied

3SBio Inc. Raises $712 Million in Hong Kong IPO By Prudence Ho

HONG KONG--Chinese biotechnology firm 3SBio Inc. has raised $712 million in an initial public offering in Hong Kong after pricing the deal at the top end of price range.

3SBio, which is scheduled to list in Hong Kong on June 11, sold 606.1 million shares, or 25% of an enlarged capital, at 9.10 Hong Kong dollars each, a person familiar with the situation said Friday. The company set an indicative price range of HK$8.30-HK$9.10.

The deal attracted a number of influential investors to buy a combined $150 million of shares, including Singapore's sovereign-wealth fund GIC Pte. Ltd., BlackRock Funds, China Life Franklin Asset Management Co. and ICBC Credit Suisse Asset Management (International) Co.

The deal comes as Hong Kong's Hang Seng Index is up about 15.5% this year. Appetite for IPOs has also risen, as over 90% of new listings in Hong Kong are trading higher than their IPO prices.

Citic Securities International, Goldman Sachs Group Inc. and Morgan Stanley were the lead banks for the IPO.

Read more: http://www.nasdaq.com/article/3sbio-inc ... z3cBvpMG00
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Re: 3SBio IPO (1530)

Postby winston » Sun Jun 07, 2015 10:09 pm

It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: 3SBio IPO (1530)

Postby investar » Sun Jun 07, 2015 10:26 pm

how times are changing: SSRX was not that popular when listed in US :?
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Re: 3SBio IPO (1530)

Postby winston » Thu Jun 11, 2015 5:07 am

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Pharma money power is called into play

Shares of 3SBio (1530) are being listed today. That follows them rising slightly on the gray market yesterday.

China's second-largest biopharmaceuticals seller ended 2.97 percent higher at HK$9.37, generating a HK$135 gain on a board lot of 500 shares, the Bright Smart platform shows.

On the Phillip Securities platform, it closed at HK$9.35 after surging at one point to HK$9.50, or 2.75 percent up from the offer price. Investors would gain HK$125 for a board lot of shares.

3SBio priced its shares at the higher end of its scale at HK$9.10 after a 201-times oversubscription in the retail tranche, locking up HK$111.2 billion the third-highest sum this year.

Those who subscribed to one board lot qualify for an allotment of shares.

Source: The Standard HK
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