Hong Kong biotech company Prenetics to go public via $1.7 billion SPAC deal

Reuters2021-09-16

(Reuters) - Hong Kong biotech company Prenetics will go public through a merger agreement with Artisan Acquisition, a special purpose acquisition company (SPAC), valuing the combined company at $1.7 billion, they said in a statement.

“The transaction values Prenetics at an enterprise value of $1.25 billion with a combined equity value of approximately $1.7 billion, making Prenetics the first unicorn from Hong Kong to be publicly listed in any market,” the companies said in a joint statement late on Wednesday.

The combined company will be traded on the Nasdaq and Prenetics will receive proceeds of up to $459 million in cash, the companies added.

The deal is expected to close in the fourth quarter of 2021 or the first quarter of 2022, they said.

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Comments

egg3030
2021-09-16
egg3030
Wow
- egg3030:
  Yes
- Khoo12:
  Yup

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Hong Kong biotech company Prenetics will go public through a merger agreement with Artisan Acquisition, a special purpose acquisition company (SPAC), valuing the combined company at $1.7 ...</p>\n\n<a href=\"https://www.reuters.com/article/prenetics-ipo/hong-kong-biotech-company-prenetics-to-go-public-via-1-7-bln-spac-deal-idUSL4N2QI0BD\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.reuters.com/article/prenetics-ipo/hong-kong-biotech-company-prenetics-to-go-public-via-1-7-bln-spac-deal-idUSL4N2QI0BD","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179133148","content_text":"(Reuters) - Hong Kong biotech company Prenetics will go public through a merger agreement with Artisan Acquisition, a special purpose acquisition company (SPAC), valuing the combined company at $1.7 billion, they said in a statement.\n“The transaction values Prenetics at an enterprise value of $1.25 billion with a combined equity value of approximately $1.7 billion, making Prenetics the first unicorn from Hong Kong to be publicly listed in any market,” the companies said in a joint statement late on Wednesday.\nThe combined company will be traded on the Nasdaq and Prenetics will receive proceeds of up to $459 million in cash, the companies added.\nThe deal is expected to close in the fourth quarter of 2021 or the first quarter of 2022, they said.","news_type":1,"symbols_score_info":{"ARTA":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6183645,"gmtCreate":1634114336440,"gmtModify":1663235312174,"authorId":4090160645832330,"author":{"id":4090160645832330,"idStr":"4090160645832330","authorId":4090160645832330,"name":"egg3030","avatar":"https://static.tigerbbs.com/dba6ef8bd45b7f1dc2dc78586fe68f1c","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":885169846,"type":1,"supId":5887123,"prevId":0,"content":"<u>Yes</u>","text":"<u>Yes</u>","html":"<u>Yes</u>"},{"id":5887123,"gmtCreate":1631766862625,"gmtModify":1663233959146,"authorId":3564738902623228,"author":{"id":3564738902623228,"idStr":"3564738902623228","authorId":3564738902623228,"name":"Khoo12","avatar":"https://static.tigerbbs.com/a1637796379aeed1538616117eb09330","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.11.28","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":885169846,"type":1,"supId":0,"prevId":0,"content":"Yup","text":"Yup","html":"Yup"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":49,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1179133148","isCrawlerRequest":true}