News: Jitai Technology raises $250 million in its IPO
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Jitai Technology has launched its Hong Kong IPO, planning to issue 201 million shares at HKD 10.5 per share, raising approximately HKD 2 billion, with a market value of about HKD 12 billion. The subscription deadline is May 8, and it will be listed on May 13. 18 cornerstone investors subscribed for 110 million shares, accounting for 55%. The funds raised will be used for research and development (50%), clinical trials (20%), and animal health and anti-aging business (10%). The company reported revenue of 105 million last year, with losses narrowing from 499 million to 392 million
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