State-owned pharma firm Hunan Nucien to raise $175m in STAR Market IPO

State-owned pharma firm Hunan Nucien to raise $175m in STAR Market IPO

Changsha-headquartered pharmaceutical company Hunan Nucien Pharmaceutical Co., Ltd, is targeting an initial public offering (IPO) on China’s Nasdaq-like STAR Market to raise about 1.2 billion yuan ($175 million).