ECM

Salubris (信立泰) A+H Pre-IPO: Early Thoughts

08 Jul 2026 By Ke Yan, CFA
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Abstract: Salubris, a CKM-focused innovative pharmaceutical company, is seeking an A+H listing. Goldman Sachs, Citi, and CITIC are the sponsors. We look at the company's core segments: innovative drugs and other pharmaceuticals. We discussed our preliminary thoughts on the company's valuation based on A-H premium.

LIVZON PHARMACEUTICAL (000513 CH) CHINA RESOURCES SANJIU MEDICAL & PHARMACEUTICAL (000999 CH) HUALAN BIOLOGICAL ENGINEERING (002007 CH) SHENZHEN SALUBRIS PHARMACEUTICALS (002294 CH) CSPC Pharma (1093 HK) HENGRUI PHARMA (1276 HK) LIVZON PHARMA (1513 HK) FOSUN PHARMA (2196 HK) Fosun Pharma (600196 CH) JIANGSU HENGRUI MEDICINE (600276 CH) TASLY PHARMACEUTICA (600535 CH)

Highlighted Stocks

LIVZON PHARMACEUTICAL, CHINA RESOURCES SANJIU MEDICAL & PHARMACEUTICAL, HUALAN BIOLOGICAL ENGINEERING, SHENZHEN SALUBRIS PHARMACEUTICALS, CSPC Pharma, HENGRUI PHARMA, LIVZON PHARMA, FOSUN PHARMA, Fosun Pharma, JIANGSU HENGRUI MEDICINE, TASLY PHARMACEUTICA

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