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IPO Detail
02509 荃信生物-B
QYUNS-B
Listing Date2024/03/20
Listing Price19.800
 
Quote
Subscription Result
  • Subscription Rate
    163.15x
  • Guarantee One Lot Size
    100 lot
  • One Lot Success Rate
    5%
COMPANY PROFILE

Qyuns Therapeutics Co is a clinical-stage biotech company exclusively focused on biologic therapies for autoimmune and allergic diseases.

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The Group have two Core Products, QX002N and QX005N, both of which are self-developed. QX002N is an IL-17A inhibitor and it have initiated a Phase III clinical trial for ankylosing spondylitis (AS) in China. QX005N is a monoclonal antibody (mAb) blocking IL-4R and it have initiated Phase II clinical trials for atopic dermatitis (AD), prurigo nodularis (PN) and chronic rhinosinusitis with nasal polyps (CRSwNP) in China.

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As of 2 March 2024, it had seven other pipeline drug candidates in addition to its Core Products, four of which were in the clinical stage. Its pipeline covers four major areas in the autoimmune and allergic disease field, namely, skin, rheumatic, respiratory and digestive diseases.

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As of 2 March 2024, it held 37 patents in China, including 31 invention patents and 6 utility models, as well as 9 patents overseas.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureHealth Care
Major Business AreaChina
Board Lot200
GLOBAL OFFERING
No. of Offer Shares12.05M H shares
No. of International Offer Shares9.91M H shares
No. of HK Offer Shares2.14M H shares
Offer Price$19.80 - $20.2
Stock Code2509
Sponsor(s)China International Capital Corporation Hong Kong Securities Limited
Underwriter(s)China International Capital Corporation Hong Kong Securities Limited, Essence International Securities (Hong Kong) Limited, Guotai Junan Securities (Hong Kong) Limited, Huatai Financial Holdings (Hong Kong) Limited, China Industrial Securities International Capital Limited, Livermore Holdings Limited, Tiger Brokers (HK) Global Limited, Fosun International Securities Limited, Citrus Securities Limited, SPDB International Capital Limited, China Galaxy International Securities (Hong Kong) Co., Limited, Hong Tai Securities Limited
TIME TABLE
Application PeriodMar 12 (Tue) - noon, Mar 15 (Fri)
Price Determination DateMar 18 (Mon)
Result Announcement DateOn or before Mar 19 (Tue)
Result Announcement DateOn or before Mar 19 (Tue)
Result Announcement DateOn or before Mar 20 (Wed)
Dealings in Shares commence onMar 20, 2024. (Wed)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
Sales Statistics (HKD)
Offer Price$19.80 - $20.2
Capitalization4.40B - 4.49B
NAV / share ($)$2.86 - $2.88 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 20.00, the net proceeds raised would be HKD 163.50M, of which
30.1% : Development and registration of Core Product, QX002N
54.6% : Development and registration of other Core Product, QX005N
8.7% : Development and registration of QX004N
1.9% : Clinical development of QX006N
4.7% : Research and development of certain of other assets, including QX007N, QX010N and QX013N, and drug discovery
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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