HBM Holdings Limited; Stock Code: 02142.HK), a global clinical-stage biopharmaceutical company, completed its global offering and its listing on the Main Board of the Stock Exchange of Hong Kong Limited. The number of offer shares under the Global Offering is a total of 138,221,000 shares at a price of HK $12.38 per share, raising HK$1,711 million (USD$221 million) in total (before exercise of the over-allotment option in connection with the Global Offering). The offering was completed on December 10th, 2020.
The Company will apply the net proceeds from the Global Offering to develop and commercialize its three anchor products, to fund ongoing and planned clinical trials, preparation for registration filings and potential commercialization of other drug candidates in the Company's pipeline, to fund the Company's business development activities and the expansion of its drug pipeline, and for working capital and general and administrative purposes.
Harbour BioMed was established approximately four years ago and has already built a portfolio of risk mitigated late and early-stage assets that are driven by robust clinical development programs, a rich pipeline in immunology and oncology, and a team with global R&D and commercial experience. HBM raised more than US$300 million in its pre-IPO financing. Morgan Stanley Asia Limited, Merrill Lynch Far East Limited and CLSA Capital Markets Limited are the Joint Sponsors. Morgan Stanley Asia Limited, Merrill Lynch (Asia Pacific) Limited and CLSA Limited, China International Capital Corporation Hong Kong Securities Limited and Credit Suisse (Hong Kong) Limited are the Joint Global Coordinators.
There were nine cornerstone investors including BlackRock Fund, HBM Healthcare, Hillhouse Capital, Hudson Bay Capital, Octagon Investments, Anlan Fund, Legend Capital, OrbiMed Fund and 3W Capital.
About Harbour BioMed
Harbour BioMed is a clinical-stage biopharmaceutical company engaged in the discovery and development of differentiated antibody therapeutics in immunology and oncology disease areas. The company is building its pipeline through internal R&D programs and collaborations with co-discovery and co-development partners.
The company's internal discovery programs are centered around its two patented transgenic mouse platforms (Harbour Mice®) for generating both fully human monoclonal antibodies and heavy chain only antibodies (HCAb) and HBICE™ immune cell engager technology for developing bispecific antibodies. Harbour BioMed also licenses the platforms to companies and academic institutions. The company has operations in Cambridge, Massachusetts; Rotterdam, The Netherlands; and Suzhou & Shanghai, China. For more information, please visit www.harbourbiomed.com
