China IPO Digest: Adagene, Cloopen raise total of $460m in US IPO

China IPO Digest: Adagene, Cloopen raise total of $460m in US IPO

Photographer: Victor J. Blue/Bloomberg

China-headquartered drug developer Adagene has raised $140 million, while cloud-based communications solution provider Cloopen Group secured $320 million in their US initial public offerings (IPOs).

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