Venture-backed Chinese drugmaker Hinova raises $167m in STAR Market IPO

Venture-backed Chinese drugmaker Hinova raises $167m in STAR Market IPO

Source: Laurynas Mereckas/Unsplash

Hinova Pharmaceuticals, a Chinese drugmaker that focuses on the treatment of cancer and metabolic disorders, has completed a 1.063-billion-yuan ($166.9 billion) initial public offering (IPO) on Shanghai’s Nasdaq-style STAR Market on Tuesday.