CNTB News

The IPO market stayed busy this past week, with 11 IPOs raising $3.0 billion. The week’s IPOs were joined by 24 SPACs that raised $8.4 billion. New filers continued to fill the IPO pipeline, with 8 IPOs and 46 SPACs submitting initial filings. Chinese IoT platform developer Tuya (TUYA) priced above the range to raise $915 million at an $11.8 billion...read more

Connect Biopharma Holdings, a Chinese Phase 2 biotech developing therapies for T cell-driven inflammatory diseases, raised $191 million by offering 11.3 million ADSs at $17, the high end of the range of $15 to $17. The company offered 1.9 million more ADSs than anticipated. At pricing, Connect Biopharma commands a market value of $949 million. The company's lead candidate, ...read more

Updated Monday, 3/15. The IPO market starts to pick back up with 10 IPOs scheduled to raise $2.5 billion in the week ahead. Chinese IoT platform developer Tuya (TUYA) plans to raise $806 million at a $10.4 billion market cap. Tuya’s platform offers PaaS and SaaS to over 5,000 customers for the development, management, and monetization of...read more

Connect Biopharma Holdings, a Chinese Phase 2 biotech developing therapies for T cell-driven inflammatory diseases, announced terms for its IPO on Friday. The Taicang, China-based company plans to raise $150 million by offering 9.4 million ADSs at a price range of $15 to $17. At the midpoint of the proposed range, Connect Biopharma Holdings would command a market value of $863...read more