Zai Lab announces $200M American depositary shares offering

Zai Lab (ZLAB) Limited announced that it has commenced an underwritten public offering of $200M of American depositary shares, ADSs, each representing ten ordinary shares of the company with a par value of $0.000006 per share. All ADSs will be offered by Zai Lab. Zai Lab intends to use the net proceeds from this offering for general corporate purposes. Goldman Sachs, Jefferies and Leerink Partners are acting as joint book-running managers for the offering.