News Snapshot:
New Horizon Health) On Feb. 18, biotechnology company New Horizon Health (6606.HK) raised HK$2.42 billion in an initial public offering (IPO) in Hong Kong, with the firm’s IPO being oversubscribed 4133 times. The company’s 76.598 million shares were priced at HK$26.6 and quickly skyrocketed by 185% in value. The firm’s market value reached HK$30 billion. Founded in 2013, Hangzhou-headquartered firm New Horizon Health is the first biotechnology company focusing on innovative technologies for early cancer screening. The firm’s products cover colorectal, cervical, gastric, and lung cancer. At the IPO ceremony, CEO Zhu Yeqing said: “Obtaining the first license in China’s...
