Chinese clinical-stage biopharma firm Connect files for Nasdaq IPO

Chinese clinical-stage biopharma firm Connect files for Nasdaq IPO

Laboratory equipment. Photo: Pixabay

Connect Biopharma, a loss-making clinical-stage biopharmaceutical firm, based in China, has filed for an initial public offering (IPO) to raise up to $100 million on Nasdaq.

Connect, which filed a prospectus with the US Securities and Exchange Commission (SEC) on February 26, is yet to decide on the pricing terms of the IPO. The offering size of $100 million could even be a placeholder subject to change.

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