In today’s briefing:
- Lepu Medical GDR Listing – Financials Improved Sequentially, However, Price Momentum Has Been Weak
Lepu Medical GDR Listing – Financials Improved Sequentially, However, Price Momentum Has Been Weak
- Lepu Medical Technology A (300003 CH) is looking to raise up to US$550m in its Swiss GDR listing. Bookrunners on the deal are CICC, Citic Securities, and Credit Suisse.
- The firm has earlier secured CSRC’s approval to list a maximum 36.09m GDRs (or 180.46m A-shares, at a 1:5 conversion).
- As per media reports, Lepu Medical will look to launch its Swiss GDR offering soon and the eventual deal size might amount to US$300m.
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