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IPO Detail
02511 君聖泰醫藥 - B
HIGHTIDE-B
Listing Date2023/12/22
Listing Price11.500
 
Quote
  • 5.060 +0.470 (+10.240%)    Sink Below Listing Price
  • 15-min delayed, last update: 18/04/2024 17:59
Subscription Result
  • Subscription Rate
    32.22x
  • Guarantee One Lot Size
    9 lot
  • One Lot Success Rate
    13.65%
COMPANY PROFILE

HighTide Therapeutics is a biopharmaceutical company specializing in the discovery, development and commercialization of multifunctional, multi-targeted therapies for the treatment of metabolic and digestive diseases.

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The group have researched and developed in-house a pipeline with five proprietary drug candidates covering nine indications, including five indications that are at clinical stage. Its Core Product, HTD1801 (berberine ursodeoxycholate), a new molecular entity, is a gut-liver anti-inflammatory metabolic modulator which targets multiple pathways pivotal to metabolic regulation, including those associated with metabolic and digestive diseases.

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As of 4 December 2023, the group held 133 patents and patent applications, including 58 patents and patent applications in relation to its Core Product and held 34 trademarks and trademark applications in the United States, Mainland China, Hong Kong, Europe and United Kingdom.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureHealth Care
Major Business AreaChina
Board Lot500
GLOBAL OFFERING
No. of Offer Shares24.19M shares
No. of International Offer Shares16.94M shares
No. of HK Offer Shares7.26M shares
Offer Price$11.50
Stock Code2511
Sponsor(s)UBS Securities Hong Kong Limited, Huatai Financial Holdings (Hong Kong) Limited
Underwriter(s)UBS AG Hong Kong Branch, Huatai Financial Holdings (Hong Kong) Limited, CLSA Limited, CMB International Capital Limited, BOCOM International Securities Limited, Yue Xiu Securities Company Limited, CCB International Capital Limited, Fosun International Securities Limited, Goldlink Securities Limited, I Win Securities Limited, Shenwan Hongyuan Securities (H.K.) Limited, uSmart Securities Limited, Winbull Securities International (HK) Limited
TIME TABLE
Application PeriodDec 14 (Thu) - noon, Dec 19 (Tue)
Price Determination Date--
Result Announcement DateOn or before Dec 21 (Thu)
Result Announcement DateOn or before Dec 21 (Thu)
Result Announcement DateOn or before Dec 22 (Fri)
Dealings in Shares commence onDec 22, 2023. (Fri)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
Sales Statistics (HKD)
Offer Price$11.50
Capitalization5.92B
NAV / share ($)$1.91 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 11.50, the net proceeds raised would be HKD 194.10M, of which
80% : Clinical development activities and registration filings of Core Product HTD1801
5% : Research and development, drug production for the clinical studies of product candidate HTD1804 for obesity
10% : For the early drug discovery and development of other drug candidates
5% : Working capital
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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