·Chinese(gb) ·English ·ฉบับภาษาไทย ·Tiếng Việt
WAPWeb Accessibility RSS
Home About Liuzhou Government Liuzhou News Live in Liuzhou Travel in Liuzhou Invest in Liuzhou Interact
Current Location:  Home > Liuzhou News > China
 
Chinese biotech firm WuXi AppTec listed on Shanghai
 
Date:2018-05-09  Source:Xinhua
 Chinese contract research outsourcing provider WuXi AppTec made its debut on the Shanghai Stock Exchange Tuesday, marking the first Chinese unicorn firm to be listed domestically.

The company's stock price surged by 43.98 percent to reach 31.1 yuan (4.89 U.S. dollars) per share shortly after the stock market opened and remained at the upper limit for IPO share price growth for the rest of the trading time.

WuXi AppTec offers services to help customers shorten the discovery and development time of drugs and medical devices as well as reduce their R&D costs. It has become China's largest new drug R&D service provider.

Founded in 2000, the biotech firm was listed on the New York Stock Exchange in 2007 and delisted in 2015 after its decision to be privatized.

It just took 50 days for the company to get the greenlight from the China Securities Regulatory Commission (CSRC) to list on the A-share market.

The CSRC signaled earlier this year that it would fast-track new listings by "unicorn companies" -- start-ups valued at more than 1 billion dollars -- to invigorate the country's capital market and foster the new economy.

   Print   To Top    Close  
0

Related Articles

World Robot Conference to be held in Beijing
China to launch first rocket developed by private company
Hong Kong to launch tech talent scheme
China launches new Earth observation satellite for environmental monitoring
China's excavator makers see faster sales growth
Tencent's WeChat boosts China's information consumption
Chinese scientists find therapy in osteoporosis drug for breast cancer
Chinese scientists develop new material for water purification
International Radar Expo to be held in east China city
China launches new communication satellite for HK-based company
   
Home  │ About Liuzhou  │ Site Map  │ Service and Privacy │ FAQ │ Download Forms   │ Contact Us
Copyright (C) 2006 The People's Government of Liuzhou Municipality,All Rights Reserved
Sponsored by Liuzhou Informational Leading Group Office (The Bureau Of The Information Industry Of Liuzhou)
Prepared by Liuzhou Network Management Centre Address:No. 66, Sanzhong Road, Liuzhou, China
ICP Certificate No.05009280