On July 15, DotBio-B (09606.HK) rose 5.12% in regular trading, trading at HK$233.4/share, with turnover of approximately HK$48.9 million.
The rally comes amid sustained momentum from the company's A-share listing progress and supportive policy tailwinds. On July 3, the Shanghai Stock Exchange updated DotBio's STAR Market IPO review status to \"inquiry received,\" following the exchange's acceptance of the company's RMB-denominated share issuance application in mid-June. The prospectus indicates a planned fundraising of RMB 4.1 billion, earmarked entirely for new drug R&D projects. DotBio previously passed the CSRC Shanghai Bureau's guidance verification for its proposed STAR Market listing.
The move also aligns with a broader wave of over 10 Hong Kong-listed technology and biotech firms pursuing A-share listings this year, supported by the STAR Market \"1+6\" reform and expanded inclusivity for unprofitable enterprises. Additionally, Dongwu Securities recently initiated coverage on DotBio with a Buy rating and a target price of HK$418.61, citing the company's leading ADC pipeline and global commercialization potential through its BioNTech partnership.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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