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2335 — Shaanxi Micot Pharmaceutical Technology News Story

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HealthcareHighly SpeculativeMid CapSucker Stock

Shaanxi Micot, Shanghai Seer surge in Hong Kong debuts

BUZZ-Shaanxi Micot, Shanghai Seer surge in Hong Kong debuts 

** Shaanxi Micot Pharmaceutical Technology's shares 2335.HK jump as much as 95% to HK$35.5 on debut, vs 0.1% slip in Hang Seng .HSI

** 8.6 mln shares worth HK$277.7 mln ($35.42 mln) traded so far

** Peptide drugs developer raised HK$1.06 bln in IPO for R&D of core and pre-clinical pipelines

** Hong Kong public offering portion is 1,181.46 times subscribed, international offering 2.52 times

** Separately, robot control systems maker Shanghai Seer Intelligent Technology 6106.HK , another debutant, rises as much as 38.3% from HK$101.6 offer price to HK$140.5; last up 15.3%

** Sold 10.5 mln shares in global offering, raising HK$1.07 bln for R&D and acquisitions, among others

** Hong Kong public offering portion is 5,934.56 times subscribed, international offering is 21.29 times

($1 = 7.8404 Hong Kong dollars)


(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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