Molecular Data, which offers e-commerce, software, and other services to the Chinese chemicals industry, raised $62 million by offering 11.5 million ADSs at $5.38, within the range of $5 to $7. At the offer price, the company commands a fully diluted market value of $684 million.
Molecular Data plans to list on the Nasdaq under the symbol MKD. AMTD Global Markets, Fosun Hani Securities and Boustead Securities acted as lead managers on the deal.
