CICC-backed Sunshine Guojian seeks to raise $248m in STAR Market IPO

CICC-backed Sunshine Guojian seeks to raise $248m in STAR Market IPO

China International Capital Corporation Limited (CICC)-backed biopharma firm Sunshine Guojian Pharmaceutical (Shanghai) Co., Ltd has kicked off the subscription exercise for its initial public offering (IPO) targeting to raise 1.7 billion yuan ($248 million) on the Nasdaq-style STAR Market of the Shanghai Stock Exchange (SSE), according to a company filing.