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Stock impact report

Zai Lab Limited Announces Closing of U.S. Initial Public Offering of ADSs

Zai Lab Limited - American Depositary Shares (ZLAB) 
US:NASDAQ Investor Relations: zailaboratory.com/about/investors.php
Company Research Source: GlobeNewswire
NEW YORK, Sept. 22, 2017 (GLOBE NEWSWIRE) -- Zai Lab Limited (“Zai Lab”) announces the closing of its U.S. initial public offering of 9,583,333 American depositary shares (“ADSs”) at a price of US$18.00 per ADS, which includes the 1,250,000 shares sold upon full exercise of the underwriters’ option to purchase additional ADSs (the “IPO”), raising gross proceeds of approximately US$172.5 million. The ADSs have been approved for listing on the Nasdaq Global Market and began trading on September 20, 2017 under the ticker symbol “ZLAB.” J.P. Morgan, Citigroup and Leerink Partners acted as joint book-running managers for the IPO. In connection with the IPO, a registration statement on Form F-1 has been filed with, and declared effective by, the U.S. Securities and Exchange Commission (the “SEC”). Copies of the registration statement related to this offering can be accessed through the SEC’s website at www.sec.gov. This offering was made only by means of a prospectus. A final prospectu Show less Read more
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