Quote | Super Quote
IPO   |   IPO News   |   Listed IPO Information   |   Hot Listed IPO
Stock Code   IPO News IPO Timetable
IPO Detail
02137 騰盛博藥 - B
Brii Biosciences - B
Listing Date2021/07/13
Listing Price22.250
 
Quote
Subscription Result
  • Subscription Rate
    292.00x
  • Guarantee One Lot Size
    40 lot
  • One Lot Success Rate
    5%
COMPANY PROFILE

Brii Biosciences is a biotechnology company based in China and the United States committed to advancing therapies for significant infectious diseases, such as hepatitis B virus (HBV), human immunodeficiency virus (HIV), multi-drug resistant (MDR) or extensive drug resistant (XDR) gram-negative infections, and other illnesses, such as the central nervous system (CNS) diseases, which have significant public health burdens in China and worldwide.

The drug candidates in existing pipeline are primarily focused on infectious diseases and also CNS diseases. Its infectious disease programs Core Product include (i) HBV functional cure treatment that uses an HBV-specific B cell and T cell therapeutic vaccine (BRII-179) and an HBV-targeting siRNA (BRII-835).

For BRII-179, the Group has completed a Phase 1b/2a clinical study of BRII-179 in China, Hong Kong, New Zealand, Australia, Thailand and South Korea with the final clinical study report issued on May 24, 2021. For BRII-835, it is conducting a Phase 2 clinical study in China.

Its R&D employee headcount totaled 62 with 36 employees located in China and 26 employees located in the United States.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureHealth Care
Major Business AreaChina
Websitewww.briibio.com
Board Lot500
GLOBAL OFFERING
No. of Offer Shares112m shares
No. of International Offer Shares100m shares
No. of HK Offer Shares11.16m shares
Offer Price$21.00 - $22.25
Registrar & Transfer OfficeTricor Investor Services
Stock Code2137
Sponsor(s)Morgan Stanley Asia Limited; UBS Securities Hong Kong Limited
Underwriter(s)Morgan Stanley Asia Limited; Morgan Stanley & Co. International plc; UBS AG Hong Kong Branch; China International Capital Corporation Hong Kong Securities Limited; SVB Leerink LLC
TIME TABLE
Application PeriodJun 30 (Wed) - Noon, Jul 6 (Tue)
Price Determination DateOn or Before 5pm, Jul 6 (Tue)
Result Announcement DateOn or Before Jul 12 (Mon)
Dispatch of Shares and Refund ChequesOn or Before Jul 12 (Mon)
Dealings in Shares commence onJul 13, 2021. (Tue)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
DIRECTORS
ExecutiveZhi HONG, Yongqing LUO
Non-ExecutiveRobert Taylor NELSEN, Axel BOUCHON
Independent Non-ExecutiveMartin J MURPHY JR, Grace Hui TANG, Yiu Wa Alec TSUI, Gregg Huber ALTON
MAJOR SHAREHOLDERS
Xiaomeng Tong15.86%
6 Dimensions Capital14.98%
ARCH Venture Partners14.98%
Feng Yu8.45%
Neil Nanpeng Shen8.29%
INCOME STATEMENT (RMB'000)
(Year ended Dec 31)
20202019
Pre-Taxed Profit(1,283,510)(521,028)--
Attributable Profit for the period(1,189,600)(521,028)--
OFFER STATISTICS (HK$)
Offer Price$21.00 - $22.25
Capitalization$14,830m - $15,713m
Unaudited pro forma adj NAV / share$0.38 - $0.81
USE OF PROCEEDS
Assuming the offer price being at the mid-point of $21.63, the net proceeds raised would be HK$2,267.4m, of which:
* $1,247.1m (55.0%) to allocate to HBV functional cure programs;
* $340.1m (15.0%) to allocate to HIV programs;
* $340.1m (15.0%) to allocate to MDR/XDR gram-negative infections programs;
* $113.4m (5.0%) to clinical trials for BRII-296; and
* the balance of $226.7m (10.0%) as additional working capital.
RELATED STOCK COMPARISON
Code Name Nominal Change %Change
01672ASCLETIS-Bup2.9700.0301.020%
02137BRII-Bup42.4500.2500.592%
06855ASCENTAGE-Bup27.7000.2000.727%
15-min delayed, last updated: 07/12/2021 15:59
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
IPO Calculator
Name︰
--
--
--
Subscription --
Result Announcement --
Listing --
Offer Price︰--
Currency :
Listing Price :
Board Lot :
Admission Fee*
:
Subscribing Lot :
Subscribing Fee :

Subscribing Amount :
*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027% and Stock Exchange trading fee of 0.005% (i.e. 1.0077% in total).
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2021 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.