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flag Duality Biotherapeutics debuts on Hong Kong stock market, shares surge 130%, raising $213M.

flag 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. flag The company raised $213 million in its initial public offering, selling 17.33 million shares at HK$94.60 each. flag Despite global market volatility, Duality attracted significant interest from both retail and institutional investors, with applications for shares reaching 115 times the offer. flag 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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