Genetron Holdings Ltd. (GTH) Prices 16M ADS IPO at $16/ADS

Genetron Holdings Limited (NASDAQ: GTH) today announced the pricing of its initial public offering of 16,000,000 American Depositary Shares (“ADSs”), each representing five ordinary shares of the Company, at US$16.00 per ADS. The ADSs are expected to begin trading on the Nasdaq Global Market on June 19, 2020 under the symbol “GTH.” The gross proceeds from the initial public offering is US$256 million, assuming the underwriters do not exercise their over-allotment option to purchase additional ADSs. The Company has granted the underwriters an option to purchase up to 2,400,000 additional ADSs, which would contribute to additional gross proceeds of up to US$38.4 million, exercisable within 30 days from the date of the final prospectus.

Credit Suisse Securities (USA) LLC and China International Capital Corporation Hong Kong Securities Limited are acting as joint bookrunners for the offering. BTIG, LLC and Canaccord Genuity LLC are acting as co-managers.

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