Listing Pre-Revenue Biotech Companies in Hong Kong - What You Need to Know
Since April 2018, the Hong Kong Stock Exchange has had a regime for listing biotech companies that have yet to record any revenue, which is an important first step towards opening up the Hong Kong market to companies at the pre-revenue stage that are of good quality but are not yet able to comply with the traditional profit record or large capitalisation and revenue record listing criteria. In the two years following the launch of this regime, 16 pre-revenue biotech companies were listed, raising a total of HK$39.7 billion.
This communication, which we believe may be of interest to our clients and friends of the firm, is for general information only. It is not a full analysis of the matters presented and should not be relied upon as legal advice. This may be considered attorney advertising in some jurisdictions. Please refer to the firm's privacy notice for further details.
Copy link to share post