Suzhou Ribo Life Science Launches Hong Kong IPO to Raise HK$1.6 Billion

MT Newswires Live2025-12-31

Suzhou Ribo Life Science (HKG:6938) launched its Hong Kong initial public offering on Wednesday, aiming to raise HK$1.59 billion.

The life sciences company is offering 27,487,400 H shares at an indicative price of HK$57.97 per share, according to a Wednesday Hong Kong bourse filing.

The offering comprises 2.7 million H shares for Hong Kong investors and 24.7 million H shares for international investors, subject to reallocation and the overallotment option.

The company secured 11 cornerstone investors, who committed to subscribing to $100 million worth of IPO shares.

The issuer expects to disclose the allocations on Jan. 8 and start trading on the Hong Kong bourse on Jan. 9.

Net proceeds will primarily be used for the research and development of the company's core product RBD4059, as well as RBD5044 and RBD1016. Funds will also be used to fund the research and development of the company's preclinical assets.

China International Capital Corporation Hong Kong, Citigroup Global Markets Asia, ICBC International Securities, BOCI Asia, Macquarie Capital, ABCI Securities, SDIC Securities (Hong Kong), and Futu Securities International (Hong Kong) are the joint bookrunners of the IPO.

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