WuXi AppTec cruises toward a steady debut in Hong Kong stock exchange, ending flat on IPO price

Completing a grand plan for a dual listing in Shanghai and Hong Kong in the span of seven months, WuXi AppTec has debuted on the HKEX, ending the day at its original IPO price.

Net proceeds will register at $967 million (HK $7,553 million), the company said in a statement, assuming the over-allotment option is not exercised.?The proceeds emanate from the sale of some 116 million shares for $8.71 (HK$68) a pop, in an IPO that, (according to Reuters) values the CRO powerhouse at?$10.2 billion.

The final price fell squarely in the middle of the range.