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China's Ascentage Pharma targets $1.8b valuation in US IPO

China's Ascentage Pharma targets $1.8b valuation in US IPO

Photo by Madison Agardi on Unsplash.

Ascentage Pharma said on Tuesday it was targeting a valuation of $1.75 billion in its initial public offering, becoming the first sizeable Chinese firm to pursue a listing in the US this year.

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