Jacobson Pharma Corp public float to raise HK$692m

Business | 7 Sep 2016 8:22 pm

Jacobson Pharma Corporation, which manufacture Po Chai Pills and Flying Eagle Woodlok Oil, opens subscriptions tomorrow for its initial public offering which aims to raise between HK$508.4 million and HK$692.8 million.

It will offer 437.5 million shares, 10 percent of which will be offered to retail investors.

The company says it is the largest generic drug company in Hong Kong with more than 30 percent share of the total generic drug market since 2012.

It set an indicative offer price range of between HK$1.28 and HK$1.72 per share.

BOCI Asia Limited is the sole sponsor, global coordinator, bookrunner and lead manager of the listing.

The public offer closes at 12:00 noon on September 13.-The Standard

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