PE-VC background remains critical for pre-revenue biotech IPOs, says HKEX executive

PE-VC background remains critical for pre-revenue biotech IPOs, says HKEX executive

Christina Bao, managing director and co-head of sales & marketing at the Hong Kong Exchanges and Clearing (HKEX)

The Hong Kong stock exchange has stressed the importance of having sophisticated investors for pre-revenue biotech companies seeking an initial public offering (IPO) in the city, as it is fielding a strong pipeline of hopefuls looking to capitalise on investors’ enthusiasm in health-related stocks.