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An update from Ascentage Pharma Group International ( (HK:6855) ) is now available.
Ascentage Pharma Group International announced updates on its proposed initial public offering (IPO) in the United States. The company has filed an amendment to its registration statement with the SEC, planning to offer 7,325,000 American Depositary Shares (ADS) with each representing four ordinary shares. The IPO aims to list on the NASDAQ Stock Market, although its completion is contingent upon regulatory approvals and market conditions. The announcement underscores Ascentage Pharma’s strategic move to expand its market presence and financing capabilities, potentially impacting its growth trajectory and stakeholder interests.
More about Ascentage Pharma Group International
Ascentage Pharma Group International is a pharmaceutical company incorporated in the Cayman Islands. It operates in the biotechnology and pharmaceutical industry, focusing on the development and commercialization of novel therapies for cancers, hepatitis B, and age-related diseases.
YTD Price Performance: -12.10%
Average Trading Volume: 1,736,961
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$12.47B
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