Deals Rumor Mill: Innovent, Lime, HNA

By Adam Rhodes (October 15, 2018, 8:18 PM EDT) -- Innovent Biologics wants to raise as much as $422 million when it goes public in Hong Kong, Reuters reported early Monday. According to the report, the Chinese biotech firm set a HK$12.50 ($1.60) to HK$14 per share price range for the initial public offering. That range, the outlet's anonymous sources said, values the company at roughly $2 billion. According to the report, the offering, expected to price on Oct. 23, could be the biggest biotech listing in Hong Kong in 2018....

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