Qiming-backed pharma firm Sinocelltech to raise $181m in STAR Market IPO

Qiming-backed pharma firm Sinocelltech to raise $181m in STAR Market IPO

Chinese biological drug developer Sinocelltech Group Limited is targeting to raise 1.28 billion yuan ($181 million) in its initial public offering on the Nasdaq-style STAR Market of the Shanghai Stock Exchange (SSE), according to the company’s latest filing on June 15.