Warburg-Backed Hong Kong Firm That Uses AI for Drug Discovery Files for U.S. IPO [Business News Network (BNN) (Canada)]
LianBio (LIAN)
Company Research
Source: Business News Network
U.S. initial public offering last week, according to people familiar with the matter. The Warburg Pincus-backed firm is working with advisers on the first-time share sale and is looking to raise around $300 million, the people said, asking not to be identified because the matter is private. Insilico was considering seeking a U.S. listing as soon as later this year, Bloomberg News reported in July. Deliberations are ongoing and the company could decide not to go ahead with the IPO, the people said. Insilico didn't immediately respond to calls or emails seeking comment. Chinese companies have all but disappeared from the list of IPO candidates on U.S. exchanges, following a crackdown on overseas listings by Beijing that wiped about $1 trillion off the aggregate market value of its listed firms. Even Hong Kong companies have faced detailed queries from the Securities and Exchange Commission. A proposed listing by billionaire Richard Li's FWD Group Holdings Ltd. is stalled as it a
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News
- LianBio Announces Voluntarily Delisting from Nasdaq [Yahoo! Finance]Yahoo! Finance
- LianBio Announces Voluntarily Delisting from NasdaqGlobeNewswire
- With No Cure In Sight, Drugs Firm LianBio Begins Exit Strategy [Seeking Alpha]Seeking Alpha
- LianBio Shares Gain After Co Announces Plans to Wind Down [MarketWatch]MarketWatch
- LianBio to Wind Down Operations, Declares Special Dividend [MarketWatch]MarketWatch
LIAN
Sec Filings
- 3/13/24 - Form EFFECT
- 3/12/24 - Form F-6
- 3/12/24 - Form S-8
- LIAN's page on the SEC website