Zai Labs Completes $150 Million IPO; Stock Jumps 50% at Opening; Company Worth $1.4 Billion

Zai Lab raised $150 million in its US IPO after the company increased the size of the offering to 8 million shares from the originally proposed 5.8 million shares. Demand for the offering was strong, and Zai's stock is currently trading 50% above the IPO price at $27 per share. Zai is worth $1.4 billion at this price. If the underwriter places the 1.2 million share overallotment, the IPO will bring in $165 million. More news will follow. Stock Symbol: (NSDQ: ZLAB) Share this with colleagues: // //