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Zai Lab completes $160mm US IPO

Executive Summary

Chinese drug developer Zai Labs Ltd. completed its initial public offering in the US, netting $160mm through the sale of 9.58mm American Depositary Shares (including the overallotment; representing 9.58mm common) at $18 per ADS. Earlier this month, the company stated that it hoped to sell 5.88mm ADSs at a range of $16-18.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • IPO

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