China healthcare

Hansoh Pharma vies for IPO attention amid biotech frenzy

The Jiangsu-based generic drug maker has started to bookbuild for a $1 billion IPO in Hong Kong, hoping to grab attention while the local exchange is focused on biotech firms.

Hansoh Pharmaceutical Group launched on Thursday Hong Kong’s second-largest initial public offering this year, looking for as much as HK$7.8 billion ($1 billion) as the Chinese generic drug manufacturer tries to draw investor attention away from a focus on biotech companies.

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