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Duality Biotherapeutics debuts on Hong Kong stock market, shares surge 130%, raising $213M.
Duality Biotherapeutics, a Chinese biotech company focusing on cancer and autoimmune disease treatments, saw its shares skyrocket by 130% on its debut in Hong Kong on April 15, 2025.
The company raised $213 million in its initial public offering, selling 17.33 million shares at HK$94.60 each.
Despite global market volatility, Duality attracted significant interest from both retail and institutional investors, with applications for shares reaching 115 times the offer.
The success is partly attributed to the company's products being largely exempt from US import tariffs due to licensing agreements.
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Dualidad Bioterapéutica debuta en la bolsa de Hong Kong, las acciones aumentan un 130%, aumentando $ 213M.