Zai Lab Ltd Closes $230 Million ADS Offering
Zai Lab (09688.HK) has completed the offering of American depositary shares and the full exercise of options.
Grantham 22nd November News: zai lab (09688.HK) announced with pleasure that on 18th November 2024 (USA Eastern Time), it completed the public offering of 7,843,137 American Depositary Shares at a price of $25.50 per ADS (equivalent to approximately HK$19.84 per share (calculated based on the ratio of one ADS to every ten shares)). In addition, the underwriters have fully exercised their options to purchase an additional 1,176,470 ADS at the offer price minus the underwriting discount and commissions. Regarding the options of American Depositary Shares.
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zai lab (09688.HK) received jpmorgan's shareholding of 1.1831 million shares.
According to the latest equity disclosure data from the Stock Exchange on November 18, 2023, zai lab (09688.HK) was increased in good holdings by JPMorgan Chase & Co. at an average price of HKD 24.5597 per share, acquiring 1.1831 million shares, involving approximately HKD 29.0566 million on November 11, 2024. Following the increase, the latest number of good holdings by JPMorgan Chase & Co. is 139,561,482 shares, with the proportion of good holdings rising from 13.89% to 14.01%.
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