Market Chatter: AI Biotech Startup Earendil Eyeing Hong Kong IPO

MT Newswires Live03-13

AI drug discovery startup Earendil Labs is considering going public in Hong Kong to raise as much as $500 million, Bloomberg News reported Friday, citing people familiar with the matter.

The firm is working with CICC and Morgan Stanley on a potential listing, the report said.

Based in Delaware, Earendil is an affiliate of Beijing-based Helixon Therapeutics, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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