Biopharmaceutical firm Zai Lab raises $825m in HK IPO

Biopharmaceutical firm Zai Lab raises $825m in HK IPO

A scientist works in Zai Lab's drug development laboratory in Shanghai in October 2018.

Biopharmaceutical company Zai Lab Ltd. raised HK$6.61 billion ($825 million) on its secondary listing in Hong Kong Monday, as it became the latest U.S.-listed Chinese company to start trading closer to home amid growing Wall Street wariness.