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CRO ShangPharma nets $44.7mm in IPO

Executive Summary

Chinese CRO ShangPharma Corp. has netted $44.7mm through its initial public offering of 3.2mm American Depositary Shares at $15 each, on the lower end of the company's $14.50-16.50 range. Each ADS represents 18 ordinary shares. Existing shareholders have also sold 2.6mm ADSs.
Deal Industry
  • Contract Research, Toxicology Testing-CRO
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • IPO

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