China genomics giant BGI targets A-share IPO

BGI, one of the world’s largest genome sequencing firms, plans to list in China to help fund growth and acquisitions but it is unclear if the IPO will see light in 2016.

BGI, one of the world’s largest genome sequencing companies, is targeting an A-share Chinese listing to help raise capital for development and acquisitions, some of them overseas

However, it is unclear when the eye-catching initial public offering will see light

The company, which previously abandoned plans to list in Hong Kong, aims to launch the IPO by the end of the year, Mao Mao, BGI's newly appointed chief science officer, told Chinese media last week

But one person with knowledge of the matter told FinanceAsia that BGI is “very unlikely” to go public within the year, given the current slow pace of approvals for new Chinese IPOs

According...

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