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China's largest drug distributor Sinopharm goes public

Executive Summary

Sinopharm Group, the largest drug distributor in China, has completed its initial public offering on the Hong Kong stock exchange. It grossed HKD8.73bn ($1.13bn) by selling 546mm shares for HKD16, the high end of its planned HKD12.25-16 price range.
Deal Industry
  • Distributors
  • Pharmaceuticals
  • Pharmaceuticals
    • OTC, Consumer
Deal Status
  • Final
Deal Type
  • Financing
    • IPO

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