Innovent Biologics raises HK$4.4bn through share placement

Innovent Biologics raised HK$4.4bn in July by issuing 59.2 million new shares, increasing its total issued shares from 1.65 billion to 1.71 billion.

The company issued 4.2 million shares through option exercises, raising HK$106m. An additional 55 million shares were placed at HK$78.36 each on July 4.