China's Qilian soars in U.S. market debut

BGM

12/01/2021 15:27

** Shares of Chinese pharma co Qilian International Holding
Group Ltd  QIL.O  jump more than 60% to $8.01 in U.S. market
debut
    ** Co's initial public offering (IPO) for ordinary shares
was priced at $5 per share  urn:newsml:reuters.com:*:nGNX9KhKdD
    ** QIL offered 5 mln shares in IPO, raising about $25 mln
    ** Co manufactures pharmaceutical and chemical products in
China
    ** Univest Securities LLC was lead book-running manager for
the offering
    

 (Reporting by Sohini Podder in Bengaluru)
 ((sohini.podder@thomsonreuters.com))