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Exton firm raises US $200 million in Hong Kong IPO

The sale raised HK $1.51 billion, or nearly $200 million in U.S. dollars.

Pedestrians walk past the Exchange Square complex, which houses the Hong Kong Stock Exchange, in Hong Kong on Feb. 11, 2019.Frontage Holdings Corp., a medical-products contract research organization with offices in Exton and in China, says its shares began trading on the Hong Kong Stock Exchange’s main board on May 30. Bloomberg photo by Justin Chin.
Pedestrians walk past the Exchange Square complex, which houses the Hong Kong Stock Exchange, in Hong Kong on Feb. 11, 2019.Frontage Holdings Corp., a medical-products contract research organization with offices in Exton and in China, says its shares began trading on the Hong Kong Stock Exchange’s main board on May 30. Bloomberg photo by Justin Chin.Read moreJustin Chin