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新股首日 | 九源基因(02566)首挂上市 早盘低开39.61%

New stock first day | Jiuyuan Gene (02566) first listed in the morning, opening 39.61% lower.

Zhitong Finance ·  Nov 28 09:21

Jiuyuan Gene (02566) was first listed. According to the announcement, the price per share was HK$12.42. A total of 45.3988 million shares were issued, with a total of 200 shares per lot, with a net proceeds of approximately HK$0.485 billion. As of press release, it decreased by 39.61% to HK$7.5, with a turnover of HK$83.8925 million.

The Zhitong Finance App learned that Jiuyuan Gene (02566) was first listed. According to the announcement, the price was HK$12.42 per share. A total of 45.3988 million shares were issued, 200 shares per lot, with a net proceeds of about HK$0.485 billion. As of press release, it decreased by 39.61% to HK$7.5, with a turnover of HK$83.8925 million.

According to the prospectus, Jiuyuan Gene was founded in 1993. It is a Chinese biopharmaceutical company headquartered in Zhejiang Province. It has more than 30 years of experience in R&D, production and commercialization of biopharmaceuticals and medical devices. The company focuses on four rapidly growing treatment areas: orthopedics, metabolic diseases, oncology and hematology. Notably, the company is not in the business of genetic engineering.

In 2023, in terms of market share measured by revenue, several products of Jiuyuan Biotech were the first domestically produced products approved for commercialization in their respective product categories and maintained a competitive position. Among them, the most notable one is its pharmaceutical combination product bone optimization. According to Insight Consulting, it is the first bone repair material containing rhBMP-2 approved for sale in China, ranking first in terms of sales revenue in the 2023 Chinese bone repair materials market.

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