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Chinese biotech 3SBio Inc files terms for IPO

January 19, 2007

3SBio Inc, a Chinese biotech that is developing protein-based products to fight infectious diseases, filed for an IPO on Friday. The company plans to offer 7.7 million ADSs at a range of $12-$14, giving it a proposed market cap of $280 million. UBS is set to manage the deal. Timing has yet to be announced.