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Alebund Pharma Nets HK$185 Million From Full Exercise of IPO Over-Allotment Option

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Alebund Pharmaceuticals (Jiangsu) (HKG:9637) said the over-allotment option of its Hong Kong initial public offering was fully exercised on Friday, according to a same-day Hong Kong bourse filing.

The biopharmaceutical company expects to raise about HK$184.7 million in additional net proceeds.

The exercise involved the issue of 8.51 million additional H-shares at HK$22.60 each, representing about 15% of the total offer shares available under the global offering.

Dealings in the over-allotment shares are expected to begin on July 29, the filing said.

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