O’Melveny Worldwide

O’Melveny Represents Keymed Biosciences in Approximate US$400 Million Hong Kong IPO

July 8, 2021


HONG KONG—JULY 8, 2021—O’Melveny recently represented Keymed Biosciences Inc. (2162.HK) in its HK$3.1 billion (US$398 million) IPO and listing on the Hong Kong Stock Exchange.  Assuming full exercise of the over-allotment option, the offering size will be approximately HK$3.57 billion (US$458 million).

Founded in 2016 in Chengdu, Keymed Biosciences is a biotechnology company focused on the in-house discovery and development of innovative biological therapies in the autoimmune and oncology therapeutic areas.  

Morgan Stanley, China International Capital Corporation, and Huatai International acted as joint global coordinators for the IPO. Cornerstone investors in Keymed Biosciences include Temasek, Hillhouse Capital, Invesco, and UBS Asset Management (Singapore), among others.

The O’Melveny team was led by partners Ke Geng and Ke Zhu, with assistance from counsel Wendy Kan and Grace Xu, associates Edward Poon and Wuxiao Liang, and trainee solicitor Cherry Ma.

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Christopher Rieck
O’Melveny & Myers LLP
+1 212 326 2218

Chris Schob
O’Melveny & Myers LLP
+86 21 2307 7000

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