China's WuXi XDC eyes up to $471m in Hong Kong IPO

China's WuXi XDC eyes up to $471m in Hong Kong IPO

People work at the WuXi Biologics' factory in Leverkusen, Germany, in this handout picture with date given as 2023. WuXi Biologics/Handout via REUTERS/ File Photo

China-headquartered WuXi XDC, the contract medical researching unit of WuXi Biologics (Cayman), said on Tuesday it intends to raise up to HK$3.68 billion ($470.56 million) in one of Hong Kong’s top initial public offerings this year.

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