Liquidia also has collaborations with
GlaxoSmithKline and Aerie Pharmaceuticals.
GSK is using the technology for an inhaled
antiviral drug for treating infections in
COPD patients. Aerie is developing new
treatments for ophthalmology disorders.
AOBIOME THERAPEUTICS FILES HK IPOAOBIOME THERAPEUTICS, a clinical-stage life
sciences company, has applied for a Hong Kong
IPO that could raise around US$150m–$200m.
Citigroup and Haitong are joint sponsors on
THEûPROPOSEDûmOAT
Headquartered in the US, the company
is following three other biotech
companies, Ascletis Pharma, Hua
Medicine and Innovent Biologics, to take
advantage of Hong Kong Stock exchange’s
new rule to allow early-stage drug
developers to list.
3TARTINGûFROMû!PRILû ûlRMSûINûTHEûSECTORû
WITHûNOûPROlTSûORûREVENUEûHAVEûBEENûABLEûTOû
list in Hong Kong.The company posted a loss of US$11.7m
in 2017, up from a 2016 loss of US$8.8m,
ACCORDINGûTOûREGULATORYûlLINGS
It has six ongoing clinical programmes
for diseases such as eczema, rosacea,
allergic rhinitis, migraine and
hypertension.
Wang Jun, chairman and non-executive
director, is the controlling shareholder with
36.2% and 11.7% stakes owned through AI
Enterprise II and Biome Holding,
respectively.GLOBAL CONVERTIBLE OFFERINGS
BOOKRUNNERS: 1/1/2018–30/6/2018
Managing No of Total Share
bank or group issues US$(m) (%)
1 Goldman Sachs 38 8,776.83 14.2
2 Morgan Stanley 40 6,094.08 9.9
3 JP Morgan 38 5,891.95 9.6
4 BAML 28 4,489.66 7.3
5 Citigroup 17 2,396.42 3.9
6 UBS 7 2,268.82 3.7
7 Deutsche Bank 12 2,263.87 3.7
8 Credit Suisse 13 2,018.63 3.3
9 Barclays 13 2,013.22 3.3
10 Citic 3 1,413.99 2.3
Total 209 61,674.05
Including exchangeables.
Source: Thomson Reuters SDC code: C9
ALL INTERNATIONAL ASIAN CONVERTIBLES
(EXCLUDING JAPAN)
BOOKRUNNERS: 1/1/2018–30/6/2018
Managing No of Total Share
bank or group issues US$(m) (%)
1 Goldman Sachs 2 2,136.01 30.5
2 Credit Suisse 5 1,060.59 15.1
3 JP Morgan 2 660.45 9.4
4 BNP Paribas 2 475.42 6.8
5 China Merchants Secs 1 333.33 4.8
=5 Citic 1 333.33 4.8
7 Morgan Stanley 2 318.89 4.5
8 Citigroup 1 235.80 3.4
9 CIMB Group Holdings 1 160.40 2.3
10 Nomura 1 142.09 2.0
Total 18 7,013.01
Including exchangeables.
Source: Thomson Reuters SDC code: M11GLOBAL CONVERTIBLE OFFERINGS – EMEA
BOOKRUNNERS: 1/1/2018–30/6/2018
Managing No of Total Share
bank or group issues US$(m) (%)
1 UBS 3 1,849.73 19.0
2 SG 7 1,101.57 11.3
3 JP Morgan 6 1,069.08 11.0
4 Deutsche Bank 4 1,022.29 10.5
5 Citigroup 5 792.52 8.1
6 BNP Paribas 5 671.10 6.9
7 Goldman Sachs 4 532.33 5.5
8 Morgan Stanley 3 399.50 4.1
9 BAML 3 385.75 4.0
10 HSBC 3 343.25 3.5
Total 26 9,739.79
Including exchangeables.Source: Thomson Reuters SDC code: C09dALL INTERNATIONAL ASIAN CONVERTIBLES
BOOKRUNNERS: 1/1/2018–30/6/2018
Managing No of Total Share
bank or group issues US$(m) (%)
1 Goldman Sachs 3 2,289.76 24.4
2 Credit Suisse 5 1,060.59 11.3
3 Nomura 7 938.41 10.0
4 JP Morgan 2 660.45 7.0
5 Sumitomo Mitsui Finl 3 566.61 6.0
6 Daiwa Securities 3 524.29 5.6
7 BNP Paribas 2 475.42 5.1
8 Morgan Stanley 4 460.32 4.9
9 China Merchants Secs 1 333.33 3.6
=9 Citic 1 333.33 3.6
Total 30 9,388.34
Including exchangeables.
Source: Thomson Reuters SDC code: M10
EMEA CONVERTIBLE, LEGAL ADVISER TO ISSUER
1/1/2018–30/6/2018
No of Total Share
Legal adviser issues US$(m) (%)
1 Latham & Watkins 1 1,648.0 16.9
2 White & Case 1 600.0 6.2
3 Clifford Chance 1 500.0 5.1
4 Allen & Overy 1 450.0 4.6
5 Wachtell Lipton 1 402.5 4.1
Rosen & Katz
6 Linklaters 1 330.0 3.4
7 Bar & Karrer 1 305.1 3.1
8 Debevoise & Plimpton 1 250.0 2.6
9 NautaDutilh 1 245.3 2.5
10 Seward & Kissel 1 164.0 1.7
=10 MJM 1 164.0 1.7
Total 26 9,739.8
Including exchangeables and domestic.
Source: Thomson Reuters SDC code: AX7EMEA CONVERTIBLE, LEGAL ADVISER TO
MANAGER
1/1/2018–30/6/2018
No of Total Share
Legal adviser issues US$(m) (%)
1 Homburger 1 1,648.0 16.9
2 Linklaters 3 797.3 8.2
3 Freshfields Bruckhaus 1 739.0 7.6
Deringer
4 Allen & Overy 1 500.0 5.1
=4 Simmons & Simmons 1 500.0 5.1
6 Cahill Gordon & Reindel 1 402.5 4.1
7 Latham & Watkins 1 330.0 3.4
8 White & Case 1 244.6 2.5
9 Skadden 1 164.0 1.7
10 Davis Polk & Wardwell 1 125.0 1.3
Total 26 9,739.8
Including exchangeables and domestic.
Source: Thomson Reuters SDC code: AX8Are your colleagues as well-informed
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