ECM

HJ Science (华健未来) IPO: Analysis of Deal Terms

12 Jun 2026 By Ke Yan, CFA, FRM
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Abstract: HJ Science, an autoimmune, metabolic and oncology drug developer, launched its Hong Kong IPO to raise USD143m. In this note, we look at the deal terms and recap our valuation thoughts for the company. We also look at the main reason that caps the return of the deal.

B&K CORP LTD -H (2396 HK) LBC HK (LBC HK)

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B&K CORP LTD -H, LBC HK

About ECM & IPO Research

Research on Hong Kong and A+H equity offerings, from the first filing to the aftermarket. Coverage includes pre-IPO early thoughts on the business and valuation, analysis of the final deal terms and cornerstone investors, and updates as new prospectus versions are filed.

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