AI drug researcher QuantumPharm eyes $145m HK IPO to fuel global expansion

AI drug researcher QuantumPharm eyes $145m HK IPO to fuel global expansion

QuantumPharm’s management team including Wen Shuhao, co-founder, executive director, and chairman of the board (centre); Ma Jian, co-founder and CEO (left); and CFO Ronald Tam Man-hong (right) pose for a photo during a media briefing in Hong Kong. Photo from QuantumPharm

QuantumPharm, a Chinese artificial intelligence (AI) drug researcher backed by Tencent Holdings and HongShan, is eyeing an initial public offering (IPO) in Hong Kong to raise up to HK$1.13 billion ($144.7 million) to fuel its global expansion.

Edited by: Padma Priya