Sequoia China-backed ArriVent Biopharma raises $150m in upsized US IPO

Sequoia China-backed ArriVent Biopharma raises $150m in upsized US IPO

Photographer: Victor J. Blue/Bloomberg

ArriVent Biopharma, a US-based biotech company that brings China-developed drugs to Western markets, raised $175 million in its upsized initial public offering (IPO) in the US, according to an announcement.

Edited by: Padma Priya

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