Shanghai Henlius Biotech launches $477m HK IPO, testing market amid protests

Shanghai Henlius Biotech launches $477m HK IPO, testing market amid protests

Photo by Louis Reed on Unsplash

Shanghai Henlius Biotech, backed by Chinese conglomerate Fosun International (0656.HK), launched on Wednesday its Hong Kong IPO of up to $477 million, a term-sheet showed, the first sizeable float to test market sentiment amid the city’s political unrest.