Takeda-backed Ascentage Pharma aims to raise $126 mln in US IPO

Reuters

2025/01/24

Jan 23 (Reuters) - Ascentage Pharma 6855.HK said on Thursday it aims to raise $126.4 million in an initial public offering in the U.S., becoming the first sizeable Chinese firm to seek a listing in the United States this year.

(Reporting by Gursimran Kaur in Bengaluru; Editing by Subhranshu Sahu)

((GursimranKaur.Mehar@thomsonreuters.com, https://x.com/GursimranKMehar;))

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